ECBs Nagel: ECB cannot be lenient with structural inflationary forces ...Middle East

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ECBs Nagel: ECB cannot be lenient with structural inflationary forces
ECBs Nagel is on the wires saying:Cannot be lenient with structural inflationary forces.Greater supply chain resilience, which comes at a cost, looming labor shortages amid a demographic decline, and the green transition could all put upward pressure on pricesTo improve resilience, some form of de-risking seems reasonableShould keep in mind that greater security for supply chains is likely to come with some additional price pressures.These potential that Germany's labor force will decline by 80,000 per year from 2026 putting upward pressure on wages and thus prices.Says that these inevitable changes should not increase easy B's tolerance for inflation which is now targeted at 2%.If there is

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