At the time, the Bundesbank stopped the wage-price spiral by massively raising interest rates, Wieland said. "That is also its task, it has to fight inflation." Whether the ECB will succeed as quickly is questionable, he said. "In any case, we are still a long way from that in terms of raising interest rates," Wieland said. "Interest rates today are much lower than they were then."
ARD-Mediathek: "Mex - Mehr Gehalt - wo es die höchsten Lohnsteigerungen gibt"