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The long shadow of high inflation

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiThe long shadow of high inflation

ContextSpeech at the 32nd Frankfurt European Banking Congress; the Bundesbank is Germany's central bank within the euro system and fights the highest inflation in decades.

Why it mattersNagel warns that high inflation casts a long shadow.

Problems raised
  1. Price stability is being missed.
  2. Everyone is worried about inflation.
  3. Demand remains strong.
Solutions proposed
  1. Continue tightening.
  2. Restore price stability.
  3. Keep expectations anchored.
Read full speech on bis.org ↗

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