© Reuters. German Chancellor Olaf Scholz attends a press convention with Greek Prime Minister Kyriakos Mitsotakis on the Chancellery in Berlin, Germany, November 14, 2023. REUTERS/Fabrizio Bensch/File photograph
BERLIN (Reuters) – German Chancellor Olaf Scholz backed the European Central Financial institution’s vigilant stance on inflation on Tuesday, saying that tackling worth will increase was among the many central financial institution’s most essential duties.
“Fighting inflation is one of the central bank’s most important tasks for our common currency,” Scholz mentioned at a joint press convention in Berlin with the Greek Prime Minister, responding to a query on the inflationary burden weighing on each international locations.
“Inflation challenges our citizens and our companies, so that is a good decision by the ECB,” he mentioned.
(This story has been corrected to take away an misguided reference to approaching ECB fee determination in paragraph 3)
