ECB’s Nagel Sees Case for Hike Without Marked Inflation Progress

The European Central Bank will need to raise borrowing costs in June as long as there’s no significant improvement in the outlook for consumer prices, Governing Council member Joachim Nagel...

By Mark Schroers · Bloomberg Markets

The European Central Bank will need to raise borrowing costs in June as long as there’s no significant improvement in the outlook for consumer prices, Governing Council member Joachim Nagel said.