Bundesbank's Nagel warns against ECB complacency amid geopolitics - Bloomberg

Investing.com -- European Central Bank Governing Council member Joachim Nagel said the ECB has brought inflation under control but must remain vigilant due to volatile geopolitical conditions.

Speaking on the sidelines of the ECB’s annual retreat in Sintra, Portugal, Nagel told Bloomberg TV on Tuesday that recent energy price fluctuations caused by the Israel-Iran conflict demonstrate why the central bank needs to stay alert.

"In the current situation, we are in calm waters," the Bundesbank president said. But "complacency is not the way we should see it."

Nagel’s comments come as the ECB navigates its monetary policy path following recent inflation developments in the eurozone.

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