Nagel Says Central Bankers Can Do More to Calm Markets as Bonds Extend Losses on Inflation Fears
Updated
Updated · Reuters · May 18
Nagel Says Central Bankers Can Do More to Calm Markets as Bonds Extend Losses on Inflation Fears
4 articles · Updated · Reuters · May 18
Joachim Nagel said central bankers can do “a lot more” to calm financial markets and restore positive momentum, speaking on arrival at a G7 finance ministers and central bankers meeting in Paris.
Bond losses from Tokyo to New York deepened on Monday as energy prices climbed amid the Middle East war, reviving inflation fears and prompting investors to bet on further global rate hikes.
Nagel’s remarks point to possible efforts by policymakers to steady markets as war-driven energy costs complicate the inflation outlook and tighten pressure on central banks.
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