ECB's Nagel: If inflation picture doesn't change by March, I will advocate to normalise monetary policyExpects German inflation to be significantly above 4% this yearSays economic costs of acting too late are significantly higher than acting too earlyThe first step would be to end bond purchases, then rates could already rise later in the yearThose are some strong words but I reckon we’ll already get
Source: ECB's Nagel: If inflation picture doesn't change by March, I will advocate to normalise monetary policy (http://forex.wine/ecbs-nagel-if-inflation-picture-doesnt-change-by-march-i-will-advocate-to-normalise-monetary-policy/)
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