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German inflation to come in close to 7% this year, Bundesbank says

Published by Wanda Rich

Posted on May 11, 2022

1 min read

· Last updated: February 7, 2026

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Frankfurt skyline at sunset, highlighting Germany's economic landscape - Global Banking & Finance Review
The image captures the Frankfurt skyline at sunset, symbolizing Germany's economic atmosphere as Bundesbank predicts inflation near 7% in 2022. This visual context supports discussions on monetary policy and interest rates.
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FRANKFURT (Reuters) – Inflation in Germany will come in close to 7% this year, Bundesbank President Joachim Nagel said on Wednesday as he repeated his call for the European Central Bank to raise its main interest rate in July. “The Bundesbank is now expecting the inflation rate in Germany to reach close to 7% in […]

FRANKFURT (Reuters) – Inflation in Germany will come in close to 7% this year, Bundesbank President Joachim Nagel said on Wednesday as he repeated his call for the European Central Bank to raise its main interest rate in July.

“The Bundesbank is now expecting the inflation rate in Germany to reach close to 7% in 2022,” Nagel said in remarks prepared for a speech.

He reaffirmed his view that the ECB should end its stimulus programme at the end of June and increase its policy rate for the first time in over a decade the following month.

(Reporting By Francesco Canepa; Editing by Andrew Heavens)

Frequently Asked Questions

What is inflation?
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. It is typically measured annually and can affect economic stability.
What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the euro and is responsible for monetary policy within the Eurozone, aiming to maintain price stability and manage inflation.
What are interest rates?
Interest rates are the cost of borrowing money or the return on savings, expressed as a percentage. They are influenced by central bank policies and can affect economic activity.
What is monetary policy?
Monetary policy refers to the actions taken by a central bank to control the money supply and interest rates to achieve macroeconomic objectives like controlling inflation and stabilizing currency.

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