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Joachim Nagel, the head of Germany’s central bank, the Bundesbank, expects that inflation in the eurozone will continue to decrease next year. “We should not hastily contemplate the further course of interest rate cuts now,” he warned on Friday, on the sidelines of the annual meeting of the International Monetary Fund (IMF) in Washington. A week ago, the European Central Bank (ECB) lowered key interest rates in the eurozone for the third time this year. Nagel said that further measures should now be decided from meeting to meeting. “Speculating on what the interest rate steps might be, in my v…

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