German Central Bank President Nagel Opposes Implementing Gasoline Price Controls

2026-03-06 00:17:57

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Investing.com - According to RTL/NTV, German Central Bank President Joachim Nagel stated that he opposes implementing gasoline price controls in Germany.

At the time of his remarks, Germany is working to address energy policy decisions. Nagel made these comments in a statement reported by German public broadcasting.

Nagel also shared his views on concerns regarding Germany’s gold reserves stored in the United States. He said he is not worried about the gold reserves stored in the U.S.

The German Central Bank holds a large amount of gold as part of Germany’s foreign exchange reserves. Some of these reserves are stored at the Federal Reserve Bank of New York.

Nagel’s statement covers both domestic economic policy and international reserve management. These comments were reported by RTL and NTV news agencies.

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