By Marta Vilar – MADRID (Econostream) – European Central Bank Governing Council member Joachim Nagel said on Wednesday that he would not try to forecast what the ECB's next rate move would be, adding that he saw value in the monetary policy stance of recent months.
In an interview with Politico, Nagel, who heads the Deutsche Bundesbank, said that the recent export and industrial orders figures in Germany were “good news,” and noted that he expected to “see more good numbers” in upcoming months, as the German economy was “starting to gain some momentum.”
However, Nagel said that there was “definitely no reason” to get carried away by the new data.
As for the ECB’s next move, Nagel said that he would not try to predict what the ECB would do next, adding that he saw “merit” in the policy stance of the last couple of months.
“I’m okay with the current level of interest rates,” he said.
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