Bundesbank's Nagel Supports Faster QT to Tackle Inflation

The transcript discusses the Bundesbank's annual report, highlighting Germany's economic challenges, including a GDP contraction and high inflation rates. The report suggests that while energy prices have decreased, inflation remains a concern. The Bundesbank anticipates further interest rate hikes, with an upcoming ECB decision potentially influencing economic policy.

What factors are mentioned that may affect inflation in the medium term?

What is the significance of the upcoming ECB decision mentioned in the text?