Nagel warns high inflation could last longer than expected
New Bundesbank president says monetary policy should monitor climate change risks
The new Deutsche Bundesbank president, Joachim Nagel, stressed high inflation could last longer than currently expected.
In an event today (January 11) marking the inauguration of his term at the helm of the German central bank, Nagel pointed out a monetary policy focused on price stability also needs to focus on climate change to accomplish its objectives.
The official referred to higher inflation in the eurozone. In December, it reached a new record high of 5%, against the target of 2%.
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