ECB’s Nagel and the endgame: Near terminal rate, stable for now

View on Terminal Rate:

• Nagel believes the ECB is close to a level considered as the terminal rate.
• Uncertain if the ECB will implement further rate increases.

Expectation for ECB Rates:

• He anticipates that the ECB rates will remain stable for some time.
• There is no concern that the ECB is moving toward a hard landing

Comments on Inflation:

• Describes inflation as a "greedy beast."
• Acknowledges the existence of some risk factors that could potentially trigger inflation.
• We will get to our 2% inflation target in the end.