And the key rate is more than twice as high…
Inflation now, as you said, is not scary only germany telegram data because the key rate is already high enough, and this does not allow prices to accelerate any faster. As for the connection between the key rate and inflation, it is non-linear. Inflation and the rate are affected by many factors. And with different combinations of these factors, different rates may be required for a sustainable slowdown in inflation to 4% (this is the goal that the Central Bank sees for itself, — Ed.).
Therefore when assessing the required
rate level, we always look at the specific situation in the economy. And the annual inflation you refer to does not quite accurately reflect the current picture.
– Why?
—Because it is a look into the past. It is much more important to focus not on past data, but on inflation expectations. That is, on what inflation get subscriber permission with double opt-in signup forms people and businesses expect in the next 12 months. After all, their consumer behavior and economic activity largely depend on this.
For example, if you think that prices
will grow by 15% in a year, then a loan rate email design and content creation of 16% will not seem so scary to you. And you will most likely take it. But a deposit rate of 14% per annum ao lists with the same inflation expectations is unlikely to be attractive. In order to break the spiral of price growth, you need, among other things, to make savings profitable. Which is what we are doing.