A post by @DeItaone on X.

ECB Governing Council member Joachim Nagel said a rate hike in December is “very likely to be necessary,” citing inflationary pressures that came in higher than expected in September and are approaching the central bank’s adverse scenario. Nagel added that the ECB “can and must” prevent the energy price spike from feeding into broad-based inflation. The comments signal continued tightening bias from a hawkish policy voice even as euro-area growth risks mount. Markets will watch December ECB projections and whether other Governing Council members echo Nagel’s urgency on second-round inflation effects.