5/13, 5:33 PM (Source: TeleTrader)
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ECB could act on rates in July - Nagel

The European Central Bank (ECB) might decide to raise key interest rates "as early as July," Deutsche Bundesbank President Joachim Nagel (pictured) said on Friday.

Eurozone's central lender needs to keep financial stability in mind when hiking the rates, Nagel told the press.

The question of financial fragmentation in the euro area is not an issue "at the moment," Nagel, who is also a member of the ECB's governing board, added.

Baha Breaking News (BBN) / BU