· Joachim Nagel Wiki · Deutsche Bundesbank WikiThe long shadow of high inflation
Read full speech on bis.org ↗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
- Price stability is being missed.
- Everyone is worried about inflation.
- Demand remains strong.
Solutions proposed
- Continue tightening.
- Restore price stability.
- Keep expectations anchored.