According to ECB director Isabel Schnabel, inflation “still rather too low”

Frankfurt ECB director Isabel Schnabel laments a new surge of what she believes is unobjective criticism of monetary policy, for which she is jointly responsible. At an event in Baden-Baden, she emphasized, according to the text of the speech, that an objective classification of the reasons for the recent price increases and an assessment of the future risks are important, not least because “because in Germany in particular many ‘experts’ and media are currently the fears of the Serving people without explaining the causes of price developments. “

Using a diagram with examples from the German press landscape, she continued: “There is talk of ‘Weimar conditions’. Parallels are drawn to the 1970s, when inflation in Germany rose to just under eight percent. And there are warnings of the ‘mega-meltdown’ – of ‘driving without the brakes’ – if interest rates remain low. “