German central bank chief Joachim Nagel warns inflation will hit 70-year high
Germany’s central bank chief has warned that interest rates must continue to rise despite the risk of a recession as inflation hits double digits for the first time since 1951. Bundesbank president Joachim Nagel told the Rheinische Post that the recent surge in energy prices driven by Russian pressure on gas supplies is likely to …
German central bank chief Joachim Nagel warns inflation will hit 70-year high Read More »