Germany's economy ministry: No signs of wage-price spiral that could lead to permanently high inflation

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13 August 2021

Germany's economy ministry: No signs of wage-price spiral that could lead to permanently high inflation

Does not expect a sustained increase in inflation
Sees positive underlying momentum of overall economy persisting
Sees two-speed economy with services sector benefiting from easing of restrictions, industry sector to be hit by supply bottlenecks

AUD/USD: Scope for a nosedive towards 0.7000 on a break below 0.7290 - OCBC

GBP/USD to tank towards 1.3570 on a break below 1.3750 - SocGen

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