ECB’s Nagel: Too early to cut rates even if a move appears tempting to some

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Friday, it is “too early to cut rates even if a move appears tempting to some. “

Additional comments

Will only get key price pressure data in Q2, then we can contemplate a cut in interest rates.

Price outlook is not yet clear enough.

 period of rapid inflation drops over, some setbacks ahead possible.

Inflation, including 'hard core' will remain markedly higher than 2% in coming months.