Central Banks
ECB’s Nagel Says Structural Forces Could Keep Inflation Higher
- Demographic trends may lead to persistently higher wage growth
- Bundesbank president speaks at conference on inflation
Joachim Nagel
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European Central Bank Governing Council member Joachim Nagel said forces including geopolitics and decarbonization could keep consumer-price growth elevated in the years ahead.
“A range of potential factors could lead to higher inflationary pressure in the future,” the Bundesbank president told a conference Tuesday, also citing demographic trends that may lead to “persistently higher wage growth.”