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:

• Italy PM Meloni says more ECB rate hikes may harm the economy
• ECB’s Visco: More rate hikes is not the only way to curb inflation
• ECB’s Visco: I don’t agree with idea of tightening too much over tightening too little

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