Germany’s central bank chief Joachim Nagel feels eurozone policy-setters must be "stubborn" and continue increasing borrowing costs to deal with inflation, downplaying fears that recent financial turmoil could further affect Europe's banks, according to an interview published in the Financial Times on Wednesday.

“Our fight against inflation is not over,” he told the newspaper, adding that he certainly felt "price pressures are strong and broad-based across the economy." (Reporting by Kanjyik Ghosh in Bengaluru; Editing by Christian Schmollinger)