In April, inflation in the euro area was 7.0 percent.
(Photo: AP)
Dusseldorf, Frankfurt In Germany, it is rare for government officials to comment on monetary policy. This week, however, Chancellor Olaf Scholz did not let a few words be taken away. “We have to push back inflation,” he said at a performance in Dresden. This is not something that just happens. “That’s why I’m very happy that the ECB decided to implement a restrictive monetary policy.”
The European central bank could take the next step in this regard on Thursday. Experts firmly believe that it will continue to raise interest rates. The question is: to what extent? In addition, central bank chief Christine Lagarde could give further indications as to how the reduction in the ECB’s bond portfolio should continue in the second half of the year.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further