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ECB Will Act to Cut Inflation to 2%

By Drooid · Oct 16, 2026, 3:44 PM UTC · How we work

Summary

Story summary

German central bank president Joachim Nagel said Germany’s economic recovery could extend into 2028.
He cited government reforms and artificial-intelligence advances as catalysts for that growth.
He warned that further interest-rate hikes may be needed after two recent increases.
He told the IMF meeting in Bangkok the ECB will act to bring inflation down to its 2% target.
He noted Eurozone inflation rose to 3.8% in September.

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Story summary

German central bank president Joachim Nagel said Germany’s economic recovery could extend into 2028.
He cited government reforms and artificial-intelligence advances as catalysts for that growth.
He warned that further interest-rate hikes may be needed after two recent increases.
He told the IMF meeting in Bangkok the ECB will act to bring inflation down to its 2% target.
He noted Eurozone inflation rose to 3.8% in September.