News Formal

High inflation here to stay for coming months, says German industry

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Germany’s inflation rate is unlikely to decline rapidly at present and the European Central Bank’s target of 2 percent will only become feasible by the middle of the decade, the BDI industry association said in a survey for Reuters published on Friday.

BERLIN –

Inflation, which slowed slightly to 11.3 percent in November from a high of 11.6 percent the month prior, is no longer driven primarily by energy costs but by a host of factors, BDI president Siegfried Russwurm said in a survey of several industry associations.“A return to a level of 2 percent is likely to take longer and can only be achieved by the middle of the decade if monetary policy takes effect,” he said.

The ECB has raised interest rates by a combined 2.5 percentage points since July – its fastest pace of monetary tightening on record – to counter inflation.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall St ends firmer, growth stocks lead in thin tradingWall Street’s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve’s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.
La source: inquirerdotnet - 🏆 3. / 86 Lire la suite »