· Joachim Nagel Wiki · Deutsche Bundesbank WikiPreparing for rising rates
Read full speech on bis.org ↗ContextKeynote speech by Joachim Nagel, President of the Deutsche Bundesbank, at the DZ Bank Capital Markets Conference 2022, Berlin, 11 May 2022.
Why it mattersNagel prepares markets for the first rate rises in a decade.
Problems raised
- The recovery is slowing.
- Fiscal buffers have been used.
- Rates are about to rise.
Solutions proposed
- Prepare markets for rising rates.
- Normalise monetary policy.
- Rebuild fiscal buffers.