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How is the economy developing – and what is monetary policy doing to overcome the 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, development and emerging economies

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiHow is the economy developing – and what is monetary policy doing to overcome the high inflation?

ContextSpeech at the DEKRA Dialog in Stuttgart; the Bundesbank is Germany's central bank within the euro system and explains the fight against high inflation.

Why it mattersNagel explains to business leaders why rates must stay high.

Problems raised
  1. Inflation is very high.
  2. Core inflation is slow to fall.
  3. The economy is weak.
Solutions proposed
  1. Act decisively with monetary policy.
  2. Keep rates high as needed.
  3. Stay confident inflation will be overcome.
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