ABB expects inflation to decline as commodity prices ease

ZURICH – ABB expects decrease inflation in future as commodity costs decline and better rates of interest take an impact, CEO Bjorn Rosengren mentioned on Thursday.

“We see commodity costs taking place, that might be some form of aid,” Rosengren informed reporters after ABB reported its second quarter earnings.

“Rates of interest are being lifted, which actually could have some impact on demand sooner or later,” he mentioned. “Hopefully, we should always see some form of slowdown in inflation going ahead.”