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Germany's Scholz backs the ECB in tackling inflation

  • Scholz says that they cannot keep carrying on with 0% interest rates
Justin Low
05/07/2023 | 11:43 GMT

Well, this is what you'd expect from Germany as they have always took the more hawkish position when voicing their policy stance. It is a bit of a contrast to Italy as you can see here:

  • Italy PM Meloni says more ECB rate hikes may harm the economy
  • ECB's Visco: More rate hikes is not the only way to curb inflation
  • ECB's Visco: I don't agree with idea of tightening too much over tightening too little

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