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Joachim Nagel: Do not loosen monetary policy too soon
17.11.2023 DE
In a speech at the European Banking Congress, Bundesbank President Joachim Nagel warned against any premature easing of the tight monetary policy currently in place in the euro area. “According to Bundesbank model estimates, the tightening can be expected to have its maximum impact on economic activity in 2023 already, and on inflation only in 2024,” he said at the event in Frankfurt am Main.
In other words, much of the inflation-dampening effect induced by monetary tightening is yet to materialise.
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Story abonnieren!
No English translation available
Verpassen Sie keine weiteren Episoden und abonnieren Sie unsere Story.
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Payment Systems IT
No English translation available
Der europäische Zahlungsverkehr läuft auf Systemen, die von der Bundesbank mit Partnernotenbanken betreut werden. Verlässlichkeit, hohe Performance und Ausfallsicherheit treiben uns dabei an. Werden auch Sie Teil des Teams, das für Europa arbeitet!
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Challenge
No English translation available
Erfahren Sie in unserer IT-Challenge, wie es ist, im Bereich „Payment Systems IT“ zu arbeiten.
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Revisions – May 2025
Due to a technical error, the results of the reporting year 2022 will be revised.
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International investment position and external debt