ECB May 'Have to Do Something' in June, Nagel Says

European Central Bank Governing Council members Joachim Nagel and Francois Villeroy de Galhau discuss the energy price shock and its impact on inflation and monetary policy. "This energy supply shock is more persistent, so we are moving away from our baseline scenario," Bundesbank President Nagel says. "It means maybe we have to do something," he adds. Outgoing French central-bank chief Villeroy said he and his colleagues are “fully determined to bring inflation back to target.” They speak to Bloomberg's Oliver Crook on the sidelines of a Group of Seven meeting in Paris. (Source: Bloomberg)