BERLIN (Reuters) – ECB policymaker Joachim Nagel said on Friday he was encouraged by recent data on inflation in a number of euro zone economies but warned against over-optimism as the European Central Bank works to bring inflation down further to its 2% target.
“The last mile is certainly also the stretch of road where prudence is important,” said Nagel, president of Germany’s Bundesbank, at an event in Frankfurt.
“There’s often a tendency, when you have the goal in front of you and it’s within reach, for a kind of over-optimism to set in,” he said. “I’d almost like to warn against that.”
(Reporting by Rachel More; editing by Matthias Williams)
