European Central Bank Executive Board member Naggel: Fighting inflation is basically completed, interest rates are in a neutral range.

According to the Wise Finance APP, Joachim Nagel, a member of the European Central Bank (ECB) Governing Council and President of the Bundesbank, stated on Thursday that the ECB will continue to take all necessary measures to complete its almost achieved mission of containing inflation, and that the ECB interest rates are already in the neutral zone. Data released by Eurostat on Wednesday shows that the annual inflation rate in the eurozone fell from 2.2% in April to 1.9% in May, smoothly approaching the ECB's long-term target of 2%.