The macroeconomic outlook - growth, inflation, and risks
16 June 2023 · Joachim Nagel , President of the Deutsche Bundesbank (Germany)
Summary written by Dark Majestic in its own words · topics: inflation and price stability , growth, investment and productivity , labour markets and jobs
JN 16 Jun 2023 · Joachim Nagel Wiki · Deutsche Bundesbank Wiki The macroeconomic outlook - growth, inflation, and risks Context Introductory statement by Joachim Nagel, President of the Deutsche Bundesbank, at the 89th Plenary meeting of the Group of Thirty, Amsterdam, 16 June 2023.
Why it matters Nagel says rates must keep rising as expectations stay high.
Problems raised Inflation remains well above target. Inflation expectations are elevated. Growth in the euro area is weak. Solutions proposed Continue raising rates as needed. Keep rates high until inflation returns to 2%. Monitor wages and expectations closely. Read full speech on bis.org ↗ More from Joachim Nagel · Deutsche Bundesbank · all speeches
More speeches by Joachim Nagel Other leaders on inflation and price stability
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