The European Central Bank President Christine Lagarde outlined the rationale behind the bank’s decisions during a press conference yesterday. The ECB Council determined that euro area price increases have become unsustainable and consequently raised all three key base interest rates. The Council intends to maintain its course of tightening monetary policy at future meetings. Topics: #european #central #bank Post navigation General Electric could be much more valuable as a three-part company Graphics: Energy prices are making a turn for the worse, contrary to the dreams of Russian warlords
It’s concerning to see the ECB taking such decisive action to combat inflation, but I hope it’s carefully managed to avoid harming economic growth. Reply