
BERLIN, Feb 21 (Reuters) – Germany have to conclusion its expansionary fiscal policy or chance fuelling inflation, German Finance Minister Christian Lindner advised Reuters in an job interview.

“Mounting interest charges are now a sign for the government to see that it can not keep on like this,” Lindner mentioned.

Lindner claimed Germany was checking inflation developments carefully and experienced presently introduced a raft of actions to control inflation.

Amongst all those are electric power and gas selling price brakes that arrive with financial savings incentives, as very well as a tax-free inflation quality that permits employers to compensate for better inflation without raising salaries, “generating a prospective wage-rate spiral less possible,” he stated.

The Intercontinental Financial Fund (IMF) recently warned that next round results could direct to greater inflation once more next some easing, and urged central financial institutions to act decisively to tame inflation to stay away from this kind of a state of affairs.

Lindner said that IMF warnings experienced to be taken critically. “I am positive that the European Central Lender is also next the situation intently,” he said.

Reporting by Christian Kraemer and Maria Martinez, Editing by Friederike Heine


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