EL7.AI
Central BanksMedium•13 November 2026•
1 min read

ECB's Joachim Nagel Signals Potential for Further Interest Rate Hikes

Key Facts

1Joachim Nagel, President of the Bundesbank, hinted that the ECB would need to raise interest rates again.
2Nagel cited mounting second-round inflation risks as a reason for the potential need for further tightening.

Joachim Nagel, President of the Bundesbank, hinted that the ECB would need to raise interest rates again. FXStreet reported that Nagel cited mounting second-round inflation risks as a primary reason for the potential need for further monetary tightening.

The remarks highlight concerns that initial price shocks could lead to sustained wage and price increases, potentially keeping inflation above the 2% target. These hawkish signals reinforce expectations for the ECB's upcoming policy decisions as the Governing Council monitors persistent inflationary pressures.

ECB President Christine Lagarde is scheduled to deliver speeches on November 18, 2026, and November 19, 2026, which may provide further clarity on the central bank's stance following Nagel's comments.