ECB’s Nagel Sees Case for Hike Without Marked Inflation Progress

The European Central Bank will need to raise borrowing costs in June as long as there’s no significant improvement in the outlook for consumer prices, Governing Council member Joachim Nagel said.

While it was prudent to not tighten monetary policy last week to gain greater clarity on the fallout from the Iran war, this “vigilant wait-and-see approach should not be confused with hesitation,” the Bundesbank president said Monday in Frankfurt.