CLEAN : Negative interest rates 'thing of the past': German central bank chief

The transcript discusses the current inflation rate environment, which is around 7%, and the expectations for the year. It concludes that in such a scenario, interest rates need to rise to address the economic conditions.

What is the significance of an inflation rate around 7%?

How does the expectation for the year influence economic decisions?

What conclusions can be drawn from the current inflationary environment?

What decisions must be made in response to rising inflation rates?

In what ways do inflation rates affect consumer behavior?