{"id":121520,"date":"2021-09-19T12:28:05","date_gmt":"2021-09-19T12:28:05","guid":{"rendered":"https:\/\/fin2me.com\/?p=121520"},"modified":"2021-09-19T12:28:05","modified_gmt":"2021-09-19T12:28:05","slug":"germanys-laschet-says-trusts-ecb-to-keep-inflation-in-check","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/germanys-laschet-says-trusts-ecb-to-keep-inflation-in-check\/","title":{"rendered":"Germany&#x27;s Laschet says trusts ECB to keep inflation in check"},"content":{"rendered":"<figcaption>Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. REUTERS\/Michele Tantussi<\/figcaption><p>FRANKFURT (Reuters) &#8211; Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month\u2019s election, said he was confident the European Central Bank (ECB) would achieve price stability, as accelerating inflation hits savers.<\/p>\n<p>\u201cFor me, it\u2019s alarming when small savings, pensions, life insurances and building loan contracts lose value,\u201d Laschet was quoted as telling the weekly Welt am Sonntag newspaper.<\/p>\n<p>\u201cI\u2019m sure the ECB will particularly fulfil its core task of monetary stability &#8230; But this also means that when interest rates rise again the debt burden becomes an even bigger problem for the state,\u201d he said in Saturday\u2019s edition.<\/p>\n<p>Laschet\u2019s remarks a week ahead of the Sept. 26 general election stand in contrast to comments made by his key expert for fiscal and economic policies Friedrich Merz, who this week lashed out at the ECB\u2019s loose monetary policy.<\/p>\n<p>The ECB this month said it would trim emergency bond purchases over the coming quarter, marking a first small step towards unwinding the emergency aid that has propped up the euro zone economy during the coronavirus pandemic.<\/p>\n<p>This year, the ECB expects inflation of 2.2%, above its 2% target, before falling to 1.7% in 2022 and 1.5% in 2023.<\/p>\n<p>The latest German election poll, provided by Ipsos, puts the conservative CDU\/CSU bloc at 21% and the Social Democrats (SPD) at 27%.<\/p>\n<p>Source: <a href=\"https:\/\/www.reuters.com\/article\/germany-election-ecb-laschet\/germanys-laschet-says-trusts-ecb-to-keep-inflation-in-check-idUSL8N2QK05Q\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. REUTERS\/Michele TantussiFRANKFURT (Reuters) &#8211; Armin Laschet, [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":121519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Germany&#x27;s Laschet says trusts ECB to keep inflation in check - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/germanys-laschet-says-trusts-ecb-to-keep-inflation-in-check\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Germany&#x27;s Laschet says trusts ECB to keep inflation in check - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Christian Democratic Union (CDU) candidate for chancellor Armin Laschet holds a news conference in Berlin, Germany, September 13, 2021. 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