Bundesbank President Joachim Nagel believes that the ECB should continue to raise interest rates given high levels of inflation. “From a monetary policy perspective, there is still a way to go here,” he said at a joint press conference with Germany’s Finance Minister Christian Lindner at the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington DC. However, he would not commit to any order of magnitude, Mr Nagel went on.