(Bloomberg) -- Germany’s incoming chancellor, Olaf Scholz, said his government will need to take action if inflation doesn’t ease from its current high.
Rising inflation is linked to government spending to address the coronavirus pandemic as well as spiking energy prices and it can’t be accepted over the longer term, Scholz said Tuesday in an interview with Bild TV. He referred to analysts’ predictions that price gains are set to ease.
“If that isn’t the case, we have to do something,” Scholz said, without specifying what that action might entail. “We should not be aiming for high inflation like we have today.”
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