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Inflation Not yet Setting Off Second-Round Effects: Nagel
He said markets see a 20% chance of an October rate hike and warned that low gas storage and refining losses could keep price pressures elevated.
5 Articles
5 Articles
ECB’s Nagel: high inflation not yet setting off second-round effects
SORRENTO, Italy, Oct 5 (Reuters) - Euro zone inflation is high and upward risks dominate but expensive energy has yet to feed through to wages and other prices, Bundesbank President Joachim Nagel said on Monday. Inflation in the 21-nation currency blo...
“The future path of inflation will continue to depend largely on geopolitics,” he pointed out, speaking in Sorrento, Italy.
Inflation in the euro zone is high and the risk of further acceleration is equally high, but energy prices have not yet been reflected in wage and other price developments. This was stated on Monday by the President of the German central bank, Bundesbank, Joachim Nagel. This is reported by Reuters. Inflation in the e...
·Bratislava, Slovakia
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Total News Sources5
Leaning Left0Leaning Right0Center2Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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