FRANKFURT (Reuters) – German inflation expectations are showing a worrisome rise, putting price stability at risk, so timely European Central Bank rate hikes are needed to avoid even bigger policy moves later, Bundesbank President Joachim Nagel said on Thursday. The ECB – which is still just planning a rate hike when most of peers have already moved to contain rapid inflation – has been accused by some of falling behind the curve, reacting too late and with timid steps, raising the risk that high inflation gets entrenched. “The risk of inflation expectations becoming de-anchored has risen over…