Free Trial

MNI BRIEF: Inflation From German Plan Not Significant -Lagarde

MNI (LONDON) - Germany's EUR500 billion investment plan for defence and infrastructure is likely to increase economic growth and bring some inflation “but not that significant” for the European Central Bank's 2% target, President Christine Lagarde said on Thursday.

“We all get over excited by amounts but we forget about time,” she told the European Parliament's economic affairs committee, noting that the German plan is still under process and scheduled to develop over 12 years.

Keep reading...Show less
114 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

MNI (LONDON) - Germany's EUR500 billion investment plan for defence and infrastructure is likely to increase economic growth and bring some inflation “but not that significant” for the European Central Bank's 2% target, President Christine Lagarde said on Thursday.

“We all get over excited by amounts but we forget about time,” she told the European Parliament's economic affairs committee, noting that the German plan is still under process and scheduled to develop over 12 years.

Keep reading...Show less