Bundesbank's Nagel Says AI Is Boosting Productivity

Joachim Nagel, a member of the ECB Governing Council and president of Germany's Bundesbank, said on July 1, 2026 in a Bloomberg Television interview that he is "very positive that AI is bringing us more productivity," stressing that Europe must take advantage of AI. The remark came as part of an interview mainly focused on monetary policy and Middle East developments rather than a standalone AI announcement, but it drew attention as a sign of a central bank official's upbeat stance toward preserving Europe's competitiveness. article