# ECB's Nagel: Timely return to price stability cannot be taken for granted: Analytics and Market news from 30 August 2024 00:30

> ECB policymaker Joachim Nagel said the central bank should avoid cutting rates too quickly because the 2% inflation target has not yet been reached. He warned a stronger recovery could delay the return to target.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/29015-ecb-s-nagel-timely-return-to-price-stability-cannot-be-taken-for-granted
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Hawkish ECB comments slow expected easing, which supports the euro and has only an indirect effect on commodity prices.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2024-08-02 | [EUR/USD bounces after NFP misfire pummels Greenback: Analytics and Market news from 2 August 2024 22:27](https://feedsoft.ai/events/9286-eur-usd-bounces-after-nfp-misfire-pummels-greenback-analytics-and-market-news.md) | +1.2% | +2.8% |
| EURUSD | 2022-10-04 | [EUR/USD keeps rising amid a weaker USD, approaches parity: Analytics and Market news from 4 October 2022 16:02](https://feedsoft.ai/events/9330-eur-usd-keeps-rising-amid-a-weaker-usd-approaches-parity-analytics-and-market.md) | -0.5% | +0.6% |
| EURUSD | 2024-02-27 | [EUR/USD: Euro is deriving support from three favourable developments – MUFG: Analytics and Market news from 27 February 2024 09:44](https://feedsoft.ai/events/31884-eur-usd-euro-is-deriving-support-from-three-favourable-developments-mufg.md) | +0.1% | -0.2% |
| EURUSD | 2025-06-06 | [For markets, end to ECB rate cuts just got closer](https://feedsoft.ai/events/24435-for-markets-end-to-ecb-rate-cuts-just-got-closer.md) | +1.2% | +2.6% |
| EURUSD | 2022-02-04 | [Euro climbs after ECB's 'ground-breaking' hawkish turn - Markets - Business Recorder](https://feedsoft.ai/events/9874-euro-climbs-after-ecb-s-ground-breaking-hawkish-turn-markets-business-recorder.md) | +0.5% | -4.5% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3989930

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.