ECB's Weber says globalisation lowers inflation

European Central Bank Governing Council member and Bundesbank President Axel Weber said on Tuesday 4 October that globalization tends to lead to lower inflation.

Speaking about "Opportunities and risks of globalisation and European integration", Weber said that a reduction of national debt must have priority for any new German government.

Weber added that globalization would continue to put pressure on high European wage levels.

He added that globalization "has the tendency to lead to curbed i

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