ECB's Nagel
- 2024 'appears to be a little better'
- 2025 looks better still
- I expect more from Germany, we have a lot of structural issues
- The ECB has achieved a lot on inflation
The most distasteful trend so far in 2024 is central bankers taking a victory lap on inflation... the same inflation that they failed to see then called 'transitory'. It's like putting out a fire you started and calling yourself a hero.
