Reported about 9 hours ago
Germany remains trapped in economic weakness, according to Bundesbank President Joachim Nagel, who emphasizes the need for gradual interest rate cuts to curb inflation. With the country's economy lagging due to weak export demand and cautious consumer behavior, a bleak outlook is anticipated for the remaining part of the year. While Nagel acknowledges the necessity for lower rates, he warns against rapid cuts, highlighting existing inflation risks and the importance of a careful approach to monetary policy.
Source: YAHOO