Monday, 30th January 2023
<To guardian.ng
Search

Bundesbank chief says inflation to remain high until 2024

By DW
20 December 2022   |   12:54 pm
The head of Germany's central bank has said it will take until 2024 for inflation to decline sharply. Joachim Nagel said it would take time for the effect of higher interest rates to kick in.

Related

13 Sep
The European Central Bank has hiked its key interest rate by an unprecedented 0.75 percent, as it tries to tackle the highest inflation in the bloc's history. But the pace of price rises is largely due to energy costs. Craig Erlam, Senior Market Analyst at Oanda, says the policy shift "is not going to be as effective as you would ordinarily see". He says government action – like the UK's newly-announced plans to cap energy bills – will have a bigger impact for most consumers.
18 Sep
Inflation is a word that viewers are likely now hearing almost every day. It's the term we use to talk about the cost of things that most of us regularly buy, like food and clothes, electricity bills, and the materials and resources used by businesses.
14 Sep
A slight increase in US consumer prices for the month of August has ignited fears of more Federal Reserve moves to curb inflation. An earlier drop in US markets had a knock-on effect on Asian marketplaces this Wednesday.
19 Sep
With political conflict escalating and inflation rising, Tunisians are pessimistic and strapped for cash. Many are considering leaving the country. Others are preparing to protest — again.
22 Sep
The US Federal Reserve has raised interest rates by 0.75 percent for the third time in a row, bringing America's borrowing costs to the highest level since 2008. Like other central banks, the Fed hopes to tame inflation, which is hovering near 40-year highs.
24 Sep
A government plan calls for a tax on Spain's "big fortunes" would help offset inflation relief measures to assist low and middle-income Spaniards.
9 Oct
At the head of a right-wing coalition, far-right Brothers of Italy leader Giorgia Meloni is gearing up to become Italy's new head of government. On the economic front, she'll be faced with rising consumer prices as well as the ongoing issue of national debt.
28 Sep
Inflation is a major concern in Germany, where the rate is currently at around 7.9%. Energy and food costs have risen sharply, and the winter months are approaching.
1 Oct
Rampant inflation and soaring energy costs have caused German consumer sentiment to drop according to new market research, with no indication just yet that inflation will improve soon.
29 Sep
Find these stories and much more when you grab a copy of The Guardian on Thursday.
2 Oct
Inflation in the eurozone reached 10% in September, the highest it has ever been in the history of the common European currency.
9 Oct
Inflation is a major concern in Germany, where the rate is currently at around 7.9%. Energy and food costs have risen sharply, and the winter months are approaching.