Bundesbank Joachim Nagel’s hawkish comments contrast with investor expectations of an end to rate rises

 Bundesbank president Joachim Nagel said policymakers must avoid a scenario where high prices become “entrenched” in the eurozone economy “at all costs”, adding that inflation is “only expected to fall gradually”.

contrast with widespread investor expectations that last week’s 10th consecutive increase in eurozone borrowing costs would be the last.

FT 21 September 2023

https://www.ft.com/content/db427b82-394c-414b-8aee-33f7456e03f2