Otmar Issing
Otmar Issing
Otmar Issingis a German economist. As the former Chief Economist and Member of the Board of the European Central BankIssing developed the 'two pillar' approach to monetary policy decision-making that the ECB has adopted...
affecting annual current exceed expect inflation medium might next oil prices rates rising risks ruled slightly term
Rising oil prices are not only affecting current inflation rates but they're also overshadowing next year, ... It can't be ruled out that risks for price developments will deteriorate that much over the medium term that we might have to expect the annual inflation rate to slightly exceed 2 percent.
fixed intervene price priority rates regime
A regime of fixed foreign-exchange rates and obligations to intervene would encroach upon the statute of the ECB and the priority of price stability,
inflation likelihood rise
Inflation has come down, it's true, but in all likelihood it will rise again.