Nagel (Bundesbank) for interest rates: “Trust is likely to be restored in the second half of the year”

‘ We expect to achieve our target of 2% in 2025” said in statements of today’s German media, the head of its central bank (Bundesbank), Hoachim Nagel (Joachim Nagel). However, the head of the Bundesbank does not expect interest rates to be reduced until the following June at the earliest. “Trust (p. on inflation) is likely to be restored in the second half of the year. This is important so that the economy can grow again,” the President of the Bundesbank continued. It is recalled that yesterday its head not only announced the maintenance of interest rates this month at the same level as the previous one, but said that it would wait for the inflation figures in June to make its final decisions on interest rates. He stressed the positive aspects, such as the strong labour market and the continuing strong share of industry. “Let’s not make Germany smaller as a business location than it is,” he noted.