FRANKFURT, Sept 13 (Askume) – European Central Bank policymaker Joachim Nagel on Friday backed the European Central Bank’s latest interest rate cut, saying euro zone inflation is moving in the right direction, including key measures to balance price volatility .

“We believe core inflation will improve, especially as wages in the euro area are moving downwards,” he told German radio station Deutschlandfunk.

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Last Update: September 13, 2024

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