And according to our most recent projections, the inflation rate is likely to fall back to below 2 per cent in the next two years. To ensure continuing price stability thereafter, we will have to tighten up the ultra-loose monetary policy in good time. But no one can say at the moment when that will be.
What steps have you taken off duty to protect your family from inflation? Have you bought some gold? No, I have not bought any gold. Besides, my investment options are deliberately restricted so as not to give the slightest appearance of any conflict of interests. That sounds reassuring. But the Bundesbank is often accused of sowing disquiet with its alarmism.