Published by Global Banking & Finance Review®
Posted on June 19, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe ECB is dedicated to meeting its inflation target using various tools, as stated by Joachim Nagel, highlighting the importance of price stability for economic growth.
MILAN (Reuters) -The European Central Bank has shown to be very good at using a wide range of tools to achieve price stability and will keep doing all that is necessary to complete its nearly accomplished mission, one of its top policymakers said on Thursday.
Speaking at a student conference in Milan, European Central Bank Governing Council member Joachim Nagel, who heads the German central bank, said that bringing inflation to target was the best thing the ECB could do to promote economic growth.
Price stability provides a stable base for politicians to do what is necessary to drive economic growth, he said.
(Reporting by Valentina Za, editing by Alvise Armellini)
Nagel stated that the European Central Bank has been effective in using a wide range of tools to achieve price stability.
He emphasized that price stability provides a stable base for politicians to implement necessary measures for economic growth.
Nagel spoke at a student conference in Milan, discussing the ECB's commitment to meeting its inflation targets.
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