ECB’s Nagel: Optimistic that monetary policy is having an impact

In an interview with Deutschlandfunk on Wednesday, European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said that he is, “optimistic that monetary policy is having an impact.”

He said that he doesn’t share concerns over German banks.

Market reaction

The above comments fail to move a needle around the Euro, as EUR/USD keeps its range to trade +0.09% at around 1.0970.