• ECB's Nagel: Closer we get to the neutral rate, the more appropriate for gradual approach

    Source: Buzz FX / 12 Feb 2025 12:45:21   America/New_York


    ECBs Nagel: The closer we get to the neutral rate the more appropriate for a gradual approach.The limits of the neutral rate concept are clear, risky to base policy decisions mainly on R-star estimates.
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