Germany's best-selling tabloid Bild scathingly criticised European Central Bank (ECB) President Christine Lagarde on Saturday, accusing her of destroying the earnings and savings of ordinary people by tolerating a rise in inflation.
German economic growth is likely to slow sharply in the fourth quarter of the year as industry continues to suffer from supply shortages and demand for services wanes, the Bundesbank said in a regular monthly report on Monday.
Jens Weidmann's departure from the European Central Bank is the most tangible sign yet that ECB President Christine Lagarde's efforts to win over dissenting policymakers have hit a dead end and sets the scene for fresh frictions.