ECB's Nagel offers warning to traders betting on impending rate cuts

N

Nighthawk

In his words:

"I would say to everyone who is speculating on an imminent interest rate cut: Be careful, some people have already miscalculated that. We must initially remain at the current interest rate plateau so that monetary policy can fully develop its inflation-dampening effect."

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This sounds more appropriate for the traders :


In other words:


"I would say to everyone who is trading on an imminent interest rate change:
Be alert for trading opportunities. Some people have already anticipated that.

We must always react to the market and not predict the market."



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