Bundesbank President (and ECB member) Nagel says ECB is a long way from inflation target

Bundesbank head, and thus a key member of the European Central Bank Governing Council, Joakim Nagel spoke in an interview with Stern (German media).

• Says the European Central Bank is still a long way from hitting its inflation goal
• inflation is persistent and thus the European Central Bank must also be persistent on rates

Article linked above is gated and in German.