ECB’s Nagel Less Concerned About Wages, Warns of Second-Round Risks
By Marta Vilar – LONDON (Econostream) – European Central Bank Governing Council member Joachim Nagel said Tuesday he was “not so concerned” about a strong wage response to the current inflation shock, as seen during the previous inflationary episode, but cautioned that the longer the shock persisted, the greater the risk was of second-round effects.
22 September 2026 Central Bank News