Inflation in Germany to remain high – survey ...News

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Inflation in Germany to remain high – survey
Interest rate hikes came too late to stop a price surge in the short term, German industry groups say German consumers should not expect price spikes to subside in the coming months, the Federation of German Industries (BDI) said in a survey of major industry groups, published by Reuters on December 30. According to the report, inflation is likely to remain high throughout the next year, and the 2% target rate set by the European Central bank (ECB) may not be reached until at least 2025. “A return to a level of 2% is likely to take longer and can only be achieved by the middle of the decade, if monetary policy tak

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