ECBs Nagel (Hawk): PMI data confirms that Germany is stagnating

ECB Nagel is on the wires saying”

• PMI data confirm that Germany is stagnating and start of next year will be complicated
• Need to wait for next projections before discussing rate capsize.
• We are on the right track

Nagel is considered more of a hawk.

This article was written by Greg Michalowski at www.forexlive.com.