Economics
German, French Central Bankers Say Inflation Will Return to Goal
- Size of next rate increase to be based on data, Nagel says
- Bundesbank, Bank of France chiefs speak in joint TV interview
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European Central Bank officials from the region’s two biggest economies said they’re determined to bring record inflation back to their 2% target.
Speaking in a joint television interview on German channel Phoenix, Bundesbank President Joachim Nagel and Bank of France Governor Francois Villeroy de Galhau said the ECB’s tightening push will eventually tame price growth that’s currently running at five times its goal.