ECB Prepared to Respond to Inflation Changes, Says Nagel

The European Central Bank (ECB) is prepared to overlook temporary periods of inflation falling below its target, according to Governing Council member Joachim Nagel. Bloomberg posted on X, highlighting Nagel's remarks on the ECB's readiness to act if necessary. Nagel emphasized the importance of being vigilant and responsive to economic changes, suggesting that the ECB could adjust its policies in either direction to maintain stability. This approach underscores the ECB's commitment to its inflation targets while allowing flexibility in its monetary policy decisions.