The European Central Bank is determined to continue fighting inflation while also standing ready to respond to any potential stress in markets, according to Bundesbank President Joachim Nagel. The latest turmoil around banks has highlighted the importance of financial stability, Nagel said in a speech in Karlsruhe, Germany. He called Europe’s banking system strong, saying it can lean on the ECB and national central banks for support if needed. “It’s becoming ever more important to decide on further monetary-policy steps from meeting to meeting considering economic and financial developments,” Nagel said Monday. “Rest ... (full story)