ECB's Nagel: All Options Open for July After Rate Hike

ECB Governing Council member and Bundesbank President Joachim Nagel said Friday that the European Central Bank is keeping all options open for its July meeting. He commented following the ECB's decision to raise interest rates, calling the move necessary as high energy prices are increasingly having an indirect effect on other areas of the economy.

Nagel's remarks suggest that further tightening may be considered depending on incoming data, while reaffirming the bank's commitment to controlling inflation.