The bans on diesel cars and the fall-out from the emissions scandal, for example, not only triggered a decline in car manufacturers’ share prices, but also in the prices for used diesel cars. And handling the trend towards electromobility is testing the German automobile industry’s future viability to the limit.
Nonetheless, we will continue to monitor incoming data on inflation and inflation expectations, especially given the potential risks to price stability that are associated with the rapid increase in energy prices and the depreciation of the dollar.