ECB's Muller: In the long run, we are no longer concerned only about slowing economic growth

tweet at 2:30am: Bundesbank Sees German Inflation At 3.6% In 2022 VS 1.8% Seen In June tweet at 2:30am: BUNDESBANK: PANDEMIC LIMITATIONS AND SUPPLY BOTTLENECKS WILL HALT GROWTH IN Q4 AND Q1. tweet at 2:31am: ECB'S WEIDMANN: THE ECB MUST BE WARY ABOUT INFLATION RISKS ON THE UPSIDE. tweet at 2:31am: BUNDESBANK: INFLATION IN GERMANY IS EXPECTED TO BE 2.2% IN BOTH 2023 AND 2024, WHICH IS HIGHER THAN THE EUROPEAN CENTRAL BANK'S OBJECTIVE OF 2%.Bundesbank projections: upswing is shifting somewhat The German economy suffers a setback in the winter half of the year due to the pandemic, but will pick up speed again in spring 2022. " The upswing is something shifts in time after back-th ," said Bundesbank President Jens Weidmann at the current projections of his institution. Due to the dip in growth, the gross domestic product is forecast to rise by 2.5 percent this year, which is less than expected in June. In the next two years, calendar-adjusted economic growth will increase to 4.2 and 3.2 percent respectively. While, according to the Bundesbank projections, pandemic-related restrictions and supply bottlenecks for intermediate products will slow growth in the winter half-year, private consumption will increase significantly from next spring. It is assumed that pandemic-related restrictions will then largely no longer apply. Some of the household savings accumulated during the pandemic are likely to be spent additionally. “ For a while, consumers will spend more of their disposable income than they did before the pandemic“, Explained Weidmann. It is also assumed that the delivery bottlenecks will resolve by the end of 2022. The experts at the Bundesbank therefore assume that exports in particular will temporarily receive a strong boost. " The strong upturn, has the overall capacity to

tweet at 4:31am: ECB’s Rehn: Inflation Forecasts Are Subject To High Uncertainty In The Current Exceptional Circumstances

tweet at 4:34am: BoE Chief Economist Pill: Asked About More Rate Hikes To Come, Says I Think That’s True – CNBC tweet at 4:34am: BoE Chief Economist Pill: Inflation And Rising Wages Do Look More Persistent – CNBC tweet at 4:36am: BOE'S PILL: WE BELIEVED THE MOMENT HAD COME TO INTERVENE TO ENSURE THE LEGITIMACY OF OUR INFLATION TARGET. tweet at 4:36am: BoE's Pill Says We Signalled In November That We Were Steering Towards A Rate Increase Because Of Tight Labour Market tweet at 4:40am: BoE's Pill Says We Need To See If Omicron Leads To Some Reversal Of Labour Market Strength Says We Do See Evidence Of Slowdown Notably In Consumer-Facing Sector