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Nagel: Return of inflation: What do we learn from survey data?
I am delighted to open the policy session of this year’s Joint Spring Conference. I would like to thank you for accepting our invitation to come to Eltville and present your work and share with us your thoughts on households’ and firms’ expectations and their relevance for monetary policy – the topic of this year’s conference. This is already the second conference on households’ and firms’ survey expectations, co-hosted by the Bundesbank and the Banque de France. The previous Joint Conference on this topic took place almost three years ago. A short space of time under normal circumstances. But in light ... (full story)
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ECB'S NAGEL: RISK IS RISING THAT INFLATION EXPECTATIONS GET DE-ANCHORED; SEES RISKS TO PRICE STABILITY
— *Walter Bloomberg (@DeItaone) June 23, 2022
ECB'S NAGEL: ECB MUST NOT FALL BEHIND THE CURVE AS THAT COULD REQUIRE BIGGER RATE HIKES LATER WITH GREATER ECONOMIC COST