‘Germany follows the Netherlands: to more than 10%’ | financial
In an interview with the Rheinische Poste Bundesbank-president newspaper in Nagel this weekend that it has not happened to Germany in seventy years, the origin is above the lag. The last time this happened, he said, was in 1951.
And for the time being, it’s not even from the top, concise Nagel. “The problem will not go away in 2023,” given the significantly increased energy price and the upcoming gas exports from Russia. Nagel thinks that the rate in the country will fall to 6% next year, which is not very high.
Bundesbank president Joachim Nagel: “The problem will not go away in 2023.”
ANP/HH
‘Restraining meets higher rent’
In the Netherlands, the 10% limit was previously reached by Statistics Netherlands (CBS). In the eyes of Nagel, the continuing price increases in Europe make it necessary for the European Central Bank (ECB) to continue cutting interest rates. That way it could be curbed.
Nagel did not comment on exactly what interest rate step the central bank should take with the next interest rate decision in September. “The past months have shown that we decide on monetary policy from meeting to meeting,” the head of the German central bank.