German central bank chief sees long-term growth potential

The President of the German Central Bank, Joachim Nagel, confirmed that the chances of sustained economic growth in Germany may extend further, with expectations that growth will remain strong until 2028, supported by government reforms and the use of artificial intelligence. He pointed out that inflation in Germany and the Eurozone remains high, and with inflation rising to 3.8% in September, the European Central Bank is expected to raise interest rates three times this year to curb inflation, which has exceeded 2% for the sixth consecutive year. Nagel explained that the European Central Bank will continue to make flexible decisions based on current economic data to ensure that inflation returns to the target.

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