Bundesbank’s Nagel: Inflation surge not entirely due to temporary factors

  • Inflation outlook extraordinarily uncertain
  • Risks are skewed toward higher inflation than now expected

That is some reassurance that he will be keeping the German tradition alive on policy shop talk. It will be interesting to see how his view challenges the rest of the policymakers at the ECB moving forward. At least he’s carrying on from Weidmann well. Long live the meme:

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