ContextKeynote speech by Joachim Nagel, President of the Deutsche Bundesbank, at the 33rd Frankfurt European Banking Congress, Frankfurt am Main, 17 November 2023.
Why it mattersNagel warns against premature talk of rate cuts.
Problems raised
Inflation has not yet returned to 2%.
Geopolitical tension makes the outlook more uncertain.
Firms and consumers may have changed behaviour during high inflation.
