# ECB's Nagel sees another hike as second-round risks mount

> Bundesbank President Joachim Nagel said at a Siemens Bankers Conference that the ECB will likely need to raise interest rates again if conditions persist. He pointed to elevated core inflation and rising short-term inflation expectations following a jump in headline inflation.

- Date: 2026-11-13 · published 2026-11-14T00:10:28.779Z
- Category: macro · region EU · magnitude low
- Page: https://feedsoft.ai/events/98584-ecb-s-nagel-sees-another-hike-as-second-round-risks-mount
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Tighter euro-zone monetary policy strengthens the euro and raises financing costs for feed mills, farms and livestock producers, adding to the cost of feed inputs over time.

## Read by commodity

- EURUSD: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-02-02 | [ECB hikes rates, promises another 50 bps more in March](https://feedsoft.ai/events/37535-ecb-hikes-rates-promises-another-50-bps-more-in-march.md) | -1.7% | -2.9% |
| EURUSD | 2026-07-30 | [Euro Rises on Strong Eurozone Data and ECB Rate Hike Bets](https://feedsoft.ai/events/7685-euro-rises-on-strong-eurozone-data-and-ecb-rate-hike-bets.md) | +1.4% | +2.3% |
| EURUSD | 2023-02-02 | [ECB raises rates, signals at least one more hike](https://feedsoft.ai/events/37538-ecb-raises-rates-signals-at-least-one-more-hike.md) | -1.7% | -2.9% |
| EURUSD | 2016-11-16 | [South European bonds sell off as ECB rises up the agenda](https://feedsoft.ai/events/9136-south-european-bonds-sell-off-as-ecb-rises-up-the-agenda.md) | -1.0% | -0.7% |
| EURUSD | 2022-12-15 | [ECB hikes rates, sees significant increases ahead as it announces plan to shrink balance sheet](https://feedsoft.ai/events/38438-ecb-hikes-rates-sees-significant-increases-ahead-as-it-announces-plan-to-shrink.md) | -0.5% | +1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/ecbs-nagel-sees-another-hike-as-second-round-risks-mount-202611131704

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