Morning update: Monster inflation – now under control?

I had this brief moment of panic when I was shopping the other day. When you reach for the olive oil. That was true always how expensive

Which brings us to today’s most important economic meeting: The ECB Council decides today in Frankfurt on the so-called investment interest rate. Most people who do it full time expect the ECB to cut this all-important interest rate. Ultimately, it controls how much you and I earn in interest on our savings – and what we pay when we take out loans.

If the interest rate falls, that would be good for all those who want to take out loans. It would be good for the economy, which would then hopefully invest more. But wouldn’t lower interest rates also raise prices again? In other words: Is the monster called inflation really under control?

Monetary policy is always a question of timing. When inflation rose two or three years ago, the ECB may have reacted too late. Now the question is whether the monetary authorities will catch the right moment this time. Let’s take a closer look at what the head of the ECB, Christine Lagarde, has to say today.

Get through the day well and without panic moments!

Yours truly, Florian Neuhann, head of ZDF’s economics and finance team

A traffic light displays a security package in the Bundestag: The SPD, Greens and FDP introduce the security package to tighten migration policy in the German Bundestag. A debate is planned from nine o’clock in which the Federal Minister of the Interior Nancy Faeser (SPD) will also want to give an opinion.

Now they are crying again: As every year, the disaster warning systems of federal states are being tested on national warning day today. You can see what the different alert tones mean here:

Prisons in Britain are increasingly full. That’s why there is now 1,800 prisoners released early. They were imprisoned for abusing their partners and wives. So far the men have only served 40 percent of their sentences.

“Beetlejuice” is back! In the sequel to the 1988 fantasy horror, the ghost haunts the Deetz family again nearly four decades later. Even if the plot is a little thin: Tim Burton relies on tried-and-tested visuals, a cast of old and new actors and a soundtrack that is very strange in the scene.

This was Sigmar Gabriel’s view at the SPD party conference in 2009. Today the former chairman and vice-chancellor of the SPD turns 65 years old.

This Thursday the clouds south of the Danube will be mostly dense and there will be rain for longer, especially on the edge of the Alps. Otherwise, there will be showers and storms if there is a combination of sun and clouds. It is still dry east of the Elbe. The temperature rises to values ​​from nine to 17 degrees.

Source: ZDF

Compiled by Nicola Frowein