This is huge – updated

Bundesbank starts thinking about allowing higher inflation within Germany and the Eurozone to help the rebalancing of competitiveness of the periphery. This is the first sign of economic sense prevailing over popular ideology and rhetoric.

A more in-depth look at the wording suggests maybe the move is rather smaller than I first thought, although it is still a move.

Published by David Kirk

The opinions expressed on this site are those of the author and other commenters and are not necessarily those of his employer or any other organisation. David Kirk runs Milliman’s actuarial consulting practice in Africa. He is an actuary and is the creator of New Business Margin on Revenue. He specialises in risk and capital management, regulatory change and insurance strategy . He also has extensive experience in embedded value reporting, insurance-related IFRS and share option valuation.