In den vergangenen Wochen haben die EZB und die FED deutlich gemacht, dass sie sich auf die Bekämpfung der Inflation und der Inflationserwartungen konzentrieren und sich darum bemühen, diese wieder zu stabilisieren. Während sich die FED wirklich auf die Inflationsbekämpfung konzentrieren kann, hat die EZB mehrere Kämpfe zu führen. Die bloße Feststellung, dass sie ihre Schätzung der Kerninflation für 2024 auf 2,3 % angehoben hat, ist ein Vorgeschmack auf einen langen Weg zum Inflationsziel von 2,00 %. Doch neben der Bewältigung des Inflationsproblems muss die EZB auch verhindern, dass sich eine schmerzhafte Fragmentierung der langfristigen Zinssätze in der Europäischen Währungsunion
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