ECB’s Nagel remains cautious on next rate move

Bundesbank President Joachim Nagel struck a measured tone on the path ahead for interest rates, saying it remains too soon to decide on a further cut next month.

Key QuotesIt’s too early to say if the ECB will cut rates again next month.The euro area’s 2% inflation target is within reach.Inflation could be higher or lower than previously seen.Forecasts are based on less solid ground than usual.I’m keeping a close eye on inflation expectations.Germany saw a lot of trade frontloading in Q1.