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ECB’s Nagel: Further Action Highly Probable if Conditions Persist

ECB’s Nagel: Further Action Highly Probable if Conditions Persist

By David Barwick – FRANKFURT (Econostream) – European Central Bank Governing Council member Joachim Nagel on Friday signaled that another ECB interest rate increase was highly probable if conditions persisted, citing mounting energy pressures and increasing risks of second-round effects.

13 November 2026

ECB Tone Meter

Entire Governing Council

27 Members
Very Dovish
Very Hawkish

Executive Board

6 Members
Very Dovish
Very Hawkish

Evolution

Governing Council vs. Executive Board

As of 13 November 2026

Meeting Bias

ECB Governing Council Meeting