Axel A. Weber
Axel A. Weber
Axel A. Weber, a former president of the Deutsche Bundesbank and former member of the Governing Council of the European Central Bank, is chairman of the board of directors of UBS Group AG.

Today’s economic conditions have no precedent in the past 50 years, so current forecasts are no guarantee inflation will actually remain low. The massive fiscal and monetary expansion in response to Covid-19 may pose a greater inflation risk.

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Central banks