Leonardo banner

EU, the president of the Bundesbank: "We have not yet won the fight against inflation"

The governor of the German Central Bank has in fact highlighted that this autumn's positive data are largely determined by the base effect, because prices in the autumn of 2022 were very high

© Agenzia Nova - Reproduction reserved

Europe has not yet won the fight against inflation. This was supported by the president of the Bundesbank, Joachim Nagel, in an interview for the Cypriot newspaper “I Kathimerini”. Nagel was in Cyprus to participate in a Cypriot Central Bank conference dedicated to developments in the European economy and the effectiveness of the ECB's monetary policy. “We have seen an encouraging decline in inflation this year. In particular, energy prices have fallen. However, we cannot take for granted that inflation will continue to decline in the coming months,” Nagel warned.


The governor of the German Central Bank has in fact highlighted that the positive data this autumn are largely determined by the base effect, because prices in the autumn of 2022 were very high. Not only that, but the measures taken by various European governments to contain energy price increases are being interrupted. Furthermore, “high demand for workers means wage growth is likely to remain strong.” “In general, I expect inflation to continue to decline but more slowly and with possible fluctuations,” Nagel warned.

Read also other news on Nova News
Follow us on the social channels of Nova News on Facebook, Twitter, LinkedIn, Instagram, Telegram

© Agenzia Nova - Reproduction reserved

CORRELATED ARTICLES

Latest news

Ukraine

Zelensky: “Meloni supports us but in Italy many are in favor of Putin”

The head of state said he was happy with the agreement signed yesterday between Ukraine and Italy on security matters. Regarding people who support the Kremlin, Zelensky called on the Italian authorities to "cancel" their visas

France-Italy: Elysée sources, Macron had made himself "entirely available" for the G7 summit

Paris showed maximum availability to participate in the summit on Thursday and Friday, while on Saturday the French president was busy at the Agricultural Show, a very important event given the protests from operators in the sector

Ukraine: the deputy prime minister denounces the destruction of 160 tons of wheat in a railway station in Poland

The grain was in transit to the port of Gdansk and then to other countries", explained Kubrakov, according to whom this is the "fourth case of vandalism in Polish railway stations"

Burkina Faso: attack in a Catholic church, at least 15 dead

Since 2015, the country has been the scene of regular attacks by jihadist groups affiliated with Al Qaeda and the Islamic State, active in several regions and causing considerable instability

Libya: Prime Minister Dabaiba approves the increase in salaries of oil guards after the gas closure

The news comes after the Guards today closed some oil and gas valves in the Zawiya area, southwest of Tripoli, as well as the gate of the Mellitah oil and gas complex, located on the coast of western Libya

Other news

Gaza, USA: "A general agreement reached in Paris for the ceasefire and the release of the hostages"

National Security Advisor, Jake Sullivan. "We are still in the negotiation phase to define the details. There will have to be indirect discussions between Qatar and Egypt with Hamas because in the end they will have to agree to release the hostages"

Sardinia 2024: at 12 turnout at 18,4 percent, up compared to 2019

Almost one and a half million Sardinians called to vote. For the broad centre-left camp there is Alessandra Todde, Paolo Truzzu for the centre-right coalition, Renato Soru for the Sardinian Coalition and Lucia Chessa for the Sardigna R-esiste list
ethiopia militias oromia

Ethiopia: four Orthodox priests killed by Oromo rebels in the Zequala monastery

The conflict in Oromia is a long-standing one which for several years has pitted the Oromo Liberation Front (OLF) on one side - of which the OLA is the armed wing - and the Ethiopian government on the other
Algeria Agricultural Confagriculture

Confagricoltura: assembly tomorrow in Brussels to define Italian proposals to the EU

In the European context - underlines Confagricoltura - attention is paid in particular to bureaucratic simplification, the reciprocity of rules in trade agreements with third countries and more effective controls on imports

Pisa, Salvini: "Hands off our police forces"

“It is right to analyze whether everything that was supposed to have been done, whether there was a lack of communication, whether someone exceeded. What is not acceptable is that those who guarantee security and democracy are brought into the political dispute."