The Economic Times

Global Market | High energy costs threaten eurozone inflation outlook: ECB's Nagel

Eurozone inflation stands at 3.8%, with Bundesbank President Joachim Nagel warning of upside risks from energy, food and refining costs. However, wage and price-setting remain contained, while long-term inflation expectations stay aligned with the ECBs 2% target. Markets increasingly expect further ECB rate hikes, though Nagel urged flexibility.