Bundesbank Nagel: Further policy action needed to halt and reverse rising inflation expectations

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Bundesbank Nagel: Further policy action needed to halt and reverse rising inflation expectations

Bundesbank President Joachim Nagel warned in an interview, “our monthly surveys of firms and households are showing a significant increase in long-term inflation expectations.” “I firmly believe that we need to take further monetary policy action to halt and reverse this trend,” he added. Nagel also said that allowing inflation to become entrenched would be […]

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