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...Nagel has led calls for higher interest rates since eurozone inflation soared to record highs in the past year....
...Nagel is determined to maintain the German institution’s traditional “hawkish” stance....
...“Interest rates on overnight deposits have barely increased since monetary policy tightening began,” Nagel told the European Banking Congress....
...Nagel said that because the losses would absorb future profits it did not expect to distribute any dividends “for a long period of time”....
...Michael Aldwell, head of sea logistics at Kuehne & Nagel, said there was “more demand” to move goods from Asia to Europe by rail under current circumstances....
...“I would definitely be in favour of a rate cut in June,” German central bank boss Joachim Nagel said on Wednesday. “However, such a step would not necessarily be followed by a series of rate cuts.”...
...Some ECB rate-setters echoed Nagel’s warning on Thursday....
...Joachim Nagel, president of Germany’s central bank and one of the more hawkish members of the ECB’s rate-setting governing council, said at an event in Berlin on Tuesday that he was “convinced that we have...
...Robert Holzmann, governor of the Austrian central bank, said: “We should not bank on the rate cut at all for 2024”, while German Bundesbank president Joachim Nagel said “I think it’s too early to talk about...
...Insiders said its priority was to replace both Nagel and Pagliaro by the end of the new three-year board term....
...“We see much higher interest from our customers,” Kuehne & Nagel said of sea-air solutions....
...But Nagel’s comments on the sidelines of G7 meetings in Japan suggest he thinks this is too low....
...On Saturday the investment bank’s shareholders will have to choose between a list of 15 board directors brought forward by chief executive Alberto Nagel and a competing minority roster picked by the Del...
...Joachim Nagel, the head of Germany’s Bundesbank, acknowledged “the probability is increasing we could see interest rate cuts before the summer break”, but warned against falling “into euphoria too early”...
...“The ‘last mile’ before we reach our inflation target may well be the hardest,” said Nagel, one of the more hawkish members of the ECB governing council....
...Nagel said in June there was “much to recommend a return to a far smaller central bank footprint in the market”....
...Joachim Nagel, president of Germany’s central bank and one of the more hawkish members of the ECB’s rate-setting governing council, added to these hopes by telling an event in Berlin on Tuesday before the...
...314 container vessels capable of carrying 4.2mn 20-ft containers had been stopped or rerouted around Africa as of Friday afternoon, avoiding the route that leads to the Suez Canal, according to Kuehne+Nagel...
...Nagel said his country was “going through some, let me say, complicated months” but he predicted it would recover next year....
...German central bank head Joachim Nagel went further, saying: “The markets are from time to time, they are optimistic — maybe from time to time they are over-optimistic. It’s their view....
...Capturing more business from the tech sector is central to Nagel’s latest strategy....
...Germany’s central bank president Joachim Nagel this week warned of “a bumpy road ahead, with ups and downs in inflation over the near future”....
...“Inflation in Germany is on the decline, but it is still too early to give the all-clear,” said Bundesbank president Joachim Nagel....
...German central bank president Joachim Nagel became the latest ECB rate-setter to say that while inflation has been falling rapidly, this was not expected to continue....
...“It was pretty easy to do monetary policy up until now,” Nagel said. “Now the art of monetary policy has started. Now it gets a little bit more complicated.”...
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