Bundesbank’s Nagel opposes petrol price controls in Germany

Investing.com - Bundesbank President Joachim Nagel said he opposes petrol price controls in Germany, according to RTL/NTV.

The central bank chief’s comments come as Germany grapples with energy policy decisions. Nagel made the remarks in statements reported by the German broadcasters.

Nagel also addressed concerns about Germany’s gold reserves stored in the United States. He said he is not worried about the gold reserves held in the U.S.

The Bundesbank maintains significant gold holdings as part of Germany’s foreign reserves. A portion of these reserves is stored at the Federal Reserve Bank of New York.

Nagel’s statements covered both domestic economic policy and international reserve management. The remarks were reported by RTL and NTV news outlets.