<ul><li>But core inflation to only decline tentatively in the coming months</li><li>Short-term outlook for Germany more favourable than a few months ago</li><li>Economic outlook somewhat brighter but high inflation pressures still persisting</li></ul><p style=““ class=“text-align-justify“>We’ll see how wage dynamics influence the inflation outlook in the months ahead but if price pressures are more sticky than anticipated, that will continue to cast a dark cloud on the German economy this year.</p>

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

<p style=““ class=“text-align-justify“>There is no doubt that the US has been vocal in pledging their support towards Ukraine since the whole conflict with Russia began a year ago. However, the timing of Biden’s visit today, while fitting with the occasion, may perhaps be a case of sending a message to the opposition. And no, the opposition isn’t Russia.</p><p style=““ class=“text-align-justify“>It may be a case of killing two birds with one stone since Biden’s surprise trip to Kyiv comes as top Chinese diplomat, Wang Yi, is due in Moscow and possibly for a meeting with Russian president, Vladimir Putin. The visit is said to be one to „discuss ideas for peace in Ukraine“ but we all know that it is very much a show of support from China towards Russia on the matter.</p><p style=““ class=“text-align-justify“>Considering how US-China relations are suffering greatly amid the whole balloon fiasco over the past few weeks, one can definitely argue how the gesture from both sides are hardly coincidental. </p><p style=““ class=“text-align-justify“>And while the conflict between Ukraine and Russia is a different ordeal, the fact that the US and China are ending up on opposing sides would serve to only deepen the divide between the two at the moment.</p><p style=““ class=“text-align-justify“>This was definitely the perfect opportunity to highlight that contrast, I would say.</p>

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

<p style=““ class=“text-align-justify“>Just a heads up as Lagarde herself is tweeting on the appearance, which will be on Finnish television. More on that here:</p><blockquote class=“twitter-tweet“ data-partner=“tweetdeck“><p lang=“en“ dir=“ltr“>What we do <a target=“_blank“ href=“https://twitter.com/ecb?ref_src=twsrc%5Etfw“>@ecb</a> affects people throughout the euro area from Faro to Nuorgam, from Galway to Thessaloniki. Your views and concerns matter in the decisions we make. Watch from 20:00 CET on Tuesday as I answer questions from the Finnish public on Yle TV1 <a target=“_blank“ href=“https://t.co/CfuOGjjxAZ“>https://t.co/CfuOGjjxAZ</a> <a target=“_blank“ href=“https://t.co/Nh3KXiusGm“>pic.twitter.com/Nh3KXiusGm</a></p>— Christine Lagarde (@Lagarde) <a target=“_blank“ href=“https://twitter.com/Lagarde/status/1627615256120901632?ref_src=twsrc%5Etfw“>February 20, 2023</a></blockquote>

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