ECB must be stubborn to root out inflation, Bundesbank president tells Bloomberg

by Aurelia Butler 24 August 2023, 22:51 159 Views

(Reuters) – Underlying inflation in the euro zone remains sticky and monetary policy needs to be more stubborn than price growth, Bundesbank President Joachim Nagel told Bloomberg TV on Thursday.

Nagel said he has yet to make up his mind about the September policy decision but he considers inflation far too high while a recession is still not on the cards.

Source: Economy - investing.com

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ECB must be stubborn to root out inflation, Bundesbank president tells Bloomberg

Gap reports another period of declining sales across all brands, warns of ‘uncertain consumer’

UK consumer confidence starts to recover as cost of living crisis eases

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