ECB's Nagel says the ECB will have enough data by April to determine if they need to act or whether to wait and see

ECB's Nagel suggests that the central bank will gather sufficient data by April to assess its policy stance, indicating a pivotal moment for future rate decisions. This statement underscores the ECB's cautious approach, allowing for potential hawkish or dovish shifts depending on economic conditions. Traders should monitor data releases leading up to this timeframe, as they could influence market expectations and positioning in EUR and fixed income instruments.