Reported 11 months ago
Bundesbank President Joachim Nagel mentioned that the European Central Bank's decision to cut interest rates was a logical response to improving inflation trends in the euro zone. Despite recent acceleration in inflation and wage growth, President Christine Lagarde expressed confidence in policymaker's progress toward the 2% target. Nagel believes the worst of the inflation crisis is likely over, citing positive medium-term outlooks where prices are expected to continue to fall. He also highlighted the need for Germany to address challenges like aging demographics, digitalization, and decarbonization to ensure sustainable economic growth.
Source: YAHOO