Nagel Says ECB Can't Commit on Rates Given High Uncertainty
The European Central Bank shouldn't commit to a certain interest-rate path, given how US trade policy and the situation in the Middle East are clouding the outlook, according to Governing Council member Joachim Nagel.
'The biggest uncertainty factor for our future monetary policy course is — besides developments in the Middle East — undoubtedly the unpredictable US trade policy,' the Bundesbank president said Monday.
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