ECB Governing Council member Joachim Nagel spoke earlier on Sunday and said:
- We are no longer restrictive
- I believe that we can now take the time to look at the situation first
- We now have maximum flexibility
Several ‘ECB sources’ reports after last week’s decision indicated that policymakers are planning to pause at the July meeting
ECB’s Nagel: I believe that we can now take the time to look at the situation