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Every AI newsletterjackpotboom"A series of potential factors may lead to higher inflationary pressures in the future," European Central Bank Governing Council Nagel said on Tuesday. He also mentioned that demographic trends could lead to continued higher wage growth. Nagel does not expect inflation to return to its pre-epidemic lows."Looking to the future, do we need to prepare for a return to the low-inflation world we have been accustomed to over the past decade? I'm not sure,"Nagel said. The interplay of structural drivers may lead to "the best point for a certain monetary policy-inflation at about 2%, interest rates are not too high, but at a safe distance from the effective floor." However, he warned that action would be needed if upward price pressure reappeared in the medium term.
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