ECB Rate Hikes Increasingly Likely, Nagel Tells Handelsblatt

The probability that the European Central Bank will need to raise borrowing costs due to the Iran war is rising, according to Bundesbank President Joachim Nagel.

By Zoe Schneeweiss, Mark Schroers · Bloomberg Markets

The probability that the European Central Bank will need to raise borrowing costs due to the Iran war is rising, according to Bundesbank President Joachim Nagel.