Published by Global Banking & Finance Review®
Posted on March 28, 2025
1 min readLast updated: January 24, 2026
Add as preferred source on GoogleECB's Joachim Nagel is optimistic about inflation data but warns against over-optimism as the ECB targets a 2% inflation rate.
BERLIN (Reuters) - ECB policymaker Joachim Nagel said on Friday he was encouraged by recent data on inflation in a number of euro zone economies but warned against over-optimism as the European Central Bank works to bring inflation down further to its 2% target.
"The last mile is certainly also the stretch of road where prudence is important," said Nagel, president of Germany's Bundesbank, at an event in Frankfurt.
"There's often a tendency, when you have the goal in front of you and it's within reach, for a kind of over-optimism to set in," he said. "I'd almost like to warn against that."
(Reporting by Rachel More; editing by Matthias Williams)
The main topic is ECB's efforts to reach a 2% inflation target and the caution against over-optimism.
Joachim Nagel is a policymaker at the ECB and president of Germany's Bundesbank.
The ECB aims to bring inflation down to a 2% target.
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