Economics
Nagel Says Resolute ECB Response Is Needed on Inflation
- German consumer prices may rise as much as 7 3/4% this year
- Wages gains will only partially make up for higher inflation
Joachim Nagel
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
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The European Central Bank must act forcefully to bring inflation back to its target, according to Bundesbank Chief Joachim Nagel.