The central bank fights for more inflation. That’s strange for Germans, whose country has suffered two periods of hyperinflation and fears a new currency reform. Do you understand the unease of the people of this country? 2  BIS central bankers’ speeches  Draghi: History shows that falling prices can be as damaging to the prosperity and stability of our countries as high inflation.
That is why our mandate is symmetric. And that is why we are now ensuring that the risk of deflation you just asked me about does not materialise. You, as a journalist, also have a duty to explain. Public opinion in Germany is very important for us. Your intentions are good, the effects of your policies are simply not acceptable for many citizens.