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ECB's Nagel: No significant second-round effects seen so far
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European Central Bank (ECB) Governing Council member Joachim Nagel stated that, as of his latest assessment, he has not observed any significant second-round effects in the euro area economy. Second-round effects typically refer to the risk that initial price shocks, such as higher energy costs, feed through into broader wage and price-setting behavior, potentially entrenching inflation. Nagel's comment suggests that, in his view, the ECB's monetary policy tightening has not yet triggered a self-sustaining wage-price spiral, which could influence the central bank's future interest rate decisions. The statement was reported by financial news outlet Jin10, attributed directly to Nagel, and provides a snapshot of the current thinking within the ECB's governing council regarding inflation dynamics.
Source report
Frankfurt — European Central Bank (ECB) Governing Council member Joachim Nagel stated that, to date, he has not observed any significant second-round effects.
"So far, I have not seen any significant second-round effects," Nagel said.
Source
金十数据Neutral / independent
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