ECB's Nagle: Returning to ECB's targeted 2% inflation rate looking ever less likely

ECB (and German Bundesbank Pres) Nagel is on the wires saying:

• returning to ECB's targeted 2% inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term rate looking ever less likely
• Am against hasty rate hikes
• ECB may be able to stop asset purchase program at the end of Q2
• ECB could raise rates early Q3/expects a moving Q3
• A stagflation scenario must be avoided