ECB's Nagel: Inflation to Stay High, Rate Hike Timing Uncertain Amid Middle East Uncertainty

Published: Jun 30, 2026 17:35

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[SMM Aluminum Express] ECB Governing Council member Nagel said that inflation would continue to be significantly above target for a sustained period, and it was still too early to judge the timing of rate hikes; uncertainty in the Middle East was high, the pullback in energy prices had exceeded expectations, and inflation might stay high.

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