FRANKFURT (Reuters) – The European Central Bank should continue to normalize policy and raise interest rates, possibly as soon as this year, if the inflation outlook warrants it, Bundesbank President Joachim Nagel said on Monday. With Russia’s war in Ukraine clouding the outlook, the ECB took only a small step in unwinding stimulus earlier this month and some policymakers are calling for an abundance of caution with future moves, even as inflation is running at a record high 5.9%, almost three times the ECB’s target. Nagel, however, took a more conservative view, warning that high inflation wa…