Market News
ECB should not rush rate cuts, Nagel says - REUTERS
FRANKFURT, Jan 17 (Reuters) - The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB policymaker Joachim Nagel said in an interview published on Friday.
The Bundesbank president also told German financial newsletter Platow Brief that he still expected the Basel III global banking rules to be implemented both in the United States and in Europe, while he dismissed a proposal from a German politician to include bitcoin in official reserves.
