But because of lower oil prices, EOY inflation rate is likely to be lower again
He adds:
- Robust economic recovery should also not hide the fact that European monetary union is still vulnerable
- The ongoing economic recovery opens up the prospect of monetary policy normalization
- there are indications that the wage and price behavior has changed significantly. The rate of inflation currently reacts less strongly to a reduction in the underutilization and before the crisis
- The normalization is not a full braking but an easing off the accelerator
Meanwhile German Finance minister Schauble is saying:
- United States will not remain the strongest power if it takes "Just America" line
- Different wants to change its Brexit decision, the door is open in Europe, even after Brexit.
