Price-dampening factors could soon evaporate
Apart from the last item on the list, all of the above-mentioned price-dampening
factors could soon evaporate or reverse. If this were to happen more or less in
parallel in all major economies, upside risks to global and hence German
inflation would be substantial, the more so as global liquidity provision through
the central banks continues to be extremely generous.
EU Forecast
euf:ba18h:138/nws-01