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Friday, 11 May 2012

Germany prepared to accept higher inflation

See "Bundesbank prepared to accept higher inflation", from Der Spiegel.
Der Spiegel reports that "Germany's central bank has indicated it may tolerate higher inflation in Germany as the price of rebalancing economies within the euro zone. The move marks a major shift away from the Bundesbank's hardline approach on price stability. Economists have hailed the decision as a "breakthrough." "

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