The Bundesbank Argues that Uncertainty About Inflation "Requires Flexibility, Not Inaction"

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Inflation in the euro area is high and high risks prevail, but the increase in energy costs has not yet been reflected in wages and other prices, said on Monday the president of the German central bank and member of the Council of the European Central Bank (ECB), Joachim Nagel. Annual inflation in the monetary bloc of 21 countries is currently at 3.8%, almost twice the target of 2% of the ECB, and can still increase, fuelling concerns that the h…

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Bundesbank President Joachim Nagel said today that uncertainty about inflation in the euro area requires a flexible approach without inaction.

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The European Central Bank must be prepared for various inflation developments, under the conditions in which the [...]

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The uncertainty surrounding the prospects for inflation in the euro area, which will continue to depend to a large extent on geopolitics, requires a flexible stance, although this is not synonymous with doing nothing, as Bundesbank President Joachim Nagel, member of the Governing Council of the European Central Bank, pointed out on Monday [...] La entrada The Bundesbank argues that uncertainty about inflation "requires flexibility, not inaction"…

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European Central Bank (ECB) Governing Board member Joachim Nagel said the ECB needs to be prepared for various inflation scenarios as the situation in the Middle East continues to affect the consumer price outlook.