Bundesbank’s Nagel stresses final push to inflation target as toughest hurdle

Bundesbank President Joachim Nagel likened the journey toward ECB’s inflation target to an arduous “last mile,” which “may well be the hardest”. Nagel pointed out that a key strategy for businesses would involve absorbing recent wage hikes—a move that will necessitate accepting slimmer profit margins. On the other side, he emphasized the necessity of a […]

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