Nagel: If oil shock threatens inflation expectations, the European Central Bank must raise interest rates

According to Jin10 Data on May 12th, European Central Bank Managing Director Nagel stated that if the oil shock caused by the Iran war threatens the anchoring of long-term inflation expectations in the eurozone, the European Central Bank must raise interest rates. He mentioned that the June meeting will make decisions based on the latest data and stated that the possibility of interest rate hikes was discussed last month.