ECB's Nagel says ECB keeping all options open for July meeting, ECB no longer dealing with short-term supply shock; can't exclude second-round effects from energy

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ECB's Nagel says ECB keeping all options open for July meeting, ECB no longer dealing with short-term supply shock; can't exclude second-round effects from energy

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  • ECB policy settings are still broadly neutral.
  • No relief in sight for the foreseeable future. 

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