European Central Bank (ECB) policymaker and Bundesbank President Joachim Nagel said on Wednesday that June’s interest rate decision will depend on incoming data.
Nagel explained that they don’t yet know the exact impact from tariffs on inflation and the economy and noted that they will publish new staff projections next month. He added that central banks need to get used to managing the uncertainty.
Market reaction
EUR/USD preserves its bullish momentum following these remarks. At the time of press, EUR/USD was up 0.5% on the day at 1.1240.
