Based on Bpaynews, Bundesbank President Joachim Nagel stated that the European Central Bank's rates are close to neutral, with the deposit facility rate at 2% sitting within the estimated 1.7%–2.6% nominal natural range. He emphasized that inflation projections, which are expected to average near 2% over the next three years, will guide future policy decisions. The ECB has paused rate adjustments after a 450-basis-point tightening cycle and 200-basis-point easing, with the December meeting expected to update forecasts through 2028, influencing market expectations and EUR sentiment.
Nagel Says ECB Rates Near Neutral as Inflation Outlook Stabilizes
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