New Bundesbank President Joachim Nagel said in his swearing in ceremony, “it’s true that high inflation rates can be attributed to special effects that expire automatically. But not entirely. I see a danger that inflation could remain high for longer than expected.”
At the same occasion, ECB President Christine Lagarde said, “we understand that rising prices are a concern for many people, and we take that concern very seriously… The whole Governing Council is united in pursuit of this goal. At the same time, one of the key strengths of the Eurosystem is the way that it brings together different perspectives to form a consensus. Our rich quality of debate and diversity of views ensures that our decisions are robust.”
