Consumers will likely have to endure several more months of high inflation, as analysts expect prices to be sticky on their way down. ING’s Chief International Economist James Knightley discussed some of the causes for persistent inflation in a report released Tuesday.
High corporate pricing power coupled with an ongoing labor shortage makes inflation unlikely to decline any time soon, a recent ING report found.
ING announces €380 million share buyback programme ING announced today the start of a share buyback programme under which it plans to repurchase ordinary shares of ING Groep, with a maximum total value of €380 million. The share buyback is part of a € 1.25 billion programme to return capital to our shareholders. Next to the share buyback it consists of a €870 million cash dividend payment. The share buyback programme will commence on 12 May 2022 and is expected to end no later than 2 November. T