Bundesbank says German inflation to stay elevated; growth slows
Bundesbank said Germany’s inflation is likely to remain elevated for some time, citing higher energy costs tied to the Iran conflict and upcoming healthcare reforms next year. In its monthly report, it also said the economy lost momentum over the summer.
Inflation in Germany is expected to remain elevated for some time, the Bundesbank said on Monday, citing higher energy costs linked to the Iran conflict and healthcare reforms due next year. In its monthly report, the German central bank also said Europe’s largest economy lost momentum over the summer.