Market Commentary Inflation will keep central banks busy for longer

Jörn Quitzau, chief economist at Swiss private bank Bergos, is convinced that the forthcoming European soccer championship will not boost the German economy. For him, what Germany needs is structural reform and a reliable economic policy. Structurally higher inflation and the way the central banks react to it will be a thrilling question going forward. And with interest rates higher there is likely to be renewed focus on countries with large amounts of debt outstanding, like the USA.