Inflation in Germany has peaked, says Bundesbank president

Both CPI and HICP inflation declined sharply in September

Joachim Nagel
Joachim Nagel
Sebastian Weindel

Inflation in Germany has passed its peak, Deutsche Bundesbank president Joachim Nagel said today (October 13) in Marrakesh, venue of the International Monetary Fund meetings.

“It seems we have passed the peak of inflation,” said Nagel in a press conference alongside German finance minister Christian Lindner. “The 10 interest rate hikes – and this is crucial from the central bank’s point of view – are having their effect,” he said.

Nagel’s statement makes it increasingly likely that the ECB

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