Germany's Scholz backs the ECB in tackling inflation

<p>Well, this is what you'd expect from Germany as they have always took the more hawkish position when voicing their policy stance. It is a bit of a contrast to Italy as you can see here:</p><ul><li><a href="https://www.forexlive.com/news/italy-pm-meloni-says-more-ecb-rate-hikes-may-harm-the-economy-20230628/" target="_blank" rel="follow">Italy PM Meloni says more ECB rate hikes may harm the economy</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-visco-more-rate-hikes-is-not-the-only-way-to-curb-inflation-20230705/" target="_blank" rel="follow">ECB's Visco: More rate hikes is not the only way to curb inflation</a></li><li><a href="https://www.forexlive.com/centralbank/ecbs-visco-i-dont-agree-with-idea-of-tightening-too-much-over-tightening-too-little-20230705/" target="_blank" rel="follow">ECB's Visco: I don't agree with idea of tightening too much over tightening too little</a></li></ul>

This article was written by Justin Low at www.forexlive.com.