· Joachim Nagel Wiki · Deutsche Bundesbank WikiIntroductory statement to the presidency press conference
Read full speech on bis.org ↗ContextIntroductory statement to the presidency press conference following the meeting of the G7 finance ministers and central bank governors by Joachim Nagel, President of the Deutsche Bundesbank, Königswinter, 20 May 2022.
Why it mattersNagel warns that inflation risks becoming entrenched.
Problems raised
- Strong inflationary pressures risk becoming entrenched.
- Green and digital transitions need investment.
- Public finances must remain sound.
Solutions proposed
- Prevent inflation from becoming entrenched.
- Set a clear legal framework for transitions.
- Ensure sound public finances.