ECB Must Remain Patient to Reach 2% Inflation Target, Says Nagel

Bundesbank President Jens Nagel emphasized the need for patience from the European Central Bank (ECB) in its fight against inflation, stating that it will take more time to ultimately achieve the target rate of 2%. He noted that the current economic situation requires central banks to adopt a cautious approach, especially in light of instability in global markets and declining consumer demand.

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