ECB's Nagel: Expects a micro recession in Germany

ECBs Nagel is speaking on Germany and ECB:

• Expects more recession in Germany
• Believes inflation is not the point anymore.
• Reiterates the importance of central bank independency
• I don’t see many arguments that we should do more here on rates
• The bar for rate cuts aside.

Nagel is more of a hawk traditionally

This article was written by Greg Michalowski at investinglive.com.