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Global Market | ECB may need further rate hikes if energy prices stay high: Nagel

Economic Times MarketsFriday, 11 September 2026

ECB policymaker Joachim Nagel said the central bank may need to raise interest rates further if elevated energy prices persist, potentially moving policy into mildly restrictive territory. The ECB raised its key rate to 2.50% on Thursday, while the outlook for future hikes will depend on energy prices and inflation trends.

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