Interest rates should rise further - ECB's Nagel tells FAZ

Kitco Media
By Reuters
Published:
Updated:
Reuters
BERLIN, May 9 (Reuters) - Interest rates in the euro zone should rise further as the fight against inflation has not yet been won, European Central Bank policymaker Joachim Nagel told the Frankfurter Allgemeine Zeitung (FAZ) newspaper in an interview published on Tuesday. Nagel, head of the German central bank, believes inflation has peaked, said FAZ, but that more needs to be done. "We are not yet at the end," FAZ, quoted him as saying. "Interest rates should rise even further." (Reporting by Madeline Chambers; editing by Bartosz Dabrowski)

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