ECB's Nagel: upward risks dominate euro-area inflation outlook, no clear wage pass-through yet

ECB Governing Council member Joachim Nagel said upward risks dominate the euro-area inflation outlook and that uncertainty calls for flexibility, not inaction, adding there are no clear signs yet that inflation has fed through to price and wage setting. He also cited a strong case for central-bank diversification into gold and said Germany has entered a gradual recovery.

Detected & updated continuously · Source: Nebula