ECB's Nagel Does Not Rule Out Another Rate Hike

ECB Governing Council member and Bundesbank President Joachim Nagel said the European Central Bank may have to raise interest rates again. Speaking to reporters at the International Monetary Fund (IMF) annual meetings in Bangkok, Nagel said: "We have already raised the policy rate twice. If the current situation does not change, we do not rule out that we may need to act again." (Sina Finance)