Domestic inflation is ‘stubbornly low’


Comments by Bundesbank president and ECB governing council member, Jens Weidmann, in Hamburg

  • US auto tariffs would hit German carmakers hard
  • Says US-China trade escalation risks ‘poison’ for US GDP
  • Says that net effect of rate tiering on banks could be negative
  • No need to postpone policy normalisation if outlook allows for it


With Germany unemployment rate at a record low, it must be tough on policymakers that wage pressures just aren’t quite there to boost inflation. But it’s very much a case across the developed world these days, not just in the euro area region alone.

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