ECB’s Nagel: A ‘Steady Hand’ is Required in Monetary Policy
15 July 2025
Joachim Nagel, president of the German Bundesbank, at the European Central Bank Forum on Central Banking in Sintra, Portugal on July 2, 2024. Photo by the ECB.
By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Tuesday urged a stable approach to the ECB’s monetary policymaking.
In an interview with German financial daily Handelsblatt, Nagel, who heads the Deutsche Bundesbank, said that ‘policy with a steady hand’ was required.
The impact of geopolitics and trade tensions on inflation was ‘extremely uncertain’, he said.
By Marta Vilar – WASHINGTON (Econostream) – European Central Bank President Christine Lagarde said on Tuesday that an energy shock from the Middle East conflict, if neither short-lived nor long-lasting but rather somewhere in between, may not prompt action.
By David Barwick – FRANKFURT (Econostream) – We argued on March 27 that European Central Bank Executive Board member Isabel Schnabel had given the Governing Council “room to wait.” On April 1 we said April 30 still looked live, but that it sounded “less and less like the ECB is trying to lead markets there,” a point we sharpened further on April 7 and April 8 . President Christine Lagarde’s Bloomberg TV interview on Tuesday strongly reinforces that line.
By Marta Vilar – WASHINGTON (Econostream) – European Central Bank Governing Council member Gabriel Makhlouf said on Tuesday that the ECB would need to carefully calibrate its response to the impact of the Middle East conflict to avoid exacerbating the situation.
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 20 March 2026 with Petra Wehlert, Head of Capital Markets of KfW.
By Marta Vilar – MADRID (Econostream) – German investment and development bank KfW is likely to issue another euro green bond in Q2 2026, according to KfW’s Head of Capital Markets, Petra Wehlert.
By Marta Vilar – MADRID (Econostream) – Following is the full transcript of the interview conducted by Econostream on 13 March 2026 with Adrián Martínez, Vice Director of the Swiss Federal Finance Administration.