ECB Can Look Through Below-Target Inflation, Nagel Says

The European Central Bank can look though a bout of below-target inflation but must remain ready to act in either direction if needed, Governing Council member Joachim Nagel said.

By Mark Schroers · Bloomberg Markets

The European Central Bank can look though a bout of below-target inflation but must remain ready to act in either direction if needed, Governing Council member Joachim Nagel said.