ECB rolls the dice as first major central bank to hike rates over Iran war – POLITICO
By moving first, the ECB has positioned itself as the most hawkish of the world's major central banks. But whether that is remembered as leadership or as a replay of the ECB's ill-fated 2011 rate hikes will depend less on events in Frankfurt than on developments in the Middle East. The decision drew praise from economists including Ifo President Clemens Fuest, who said raising rates was "the right step at this point" given high inflation and little hope of a de-escalation in the conflict with Iran. ...
#ECB #rolls #the #dice #first
By moving first, the ECB has positioned itself as the most hawkish of the world's major central banks. But whether that is remembered as leadership or as a replay of the ECB's ill-fated 2011 rate hikes will depend less on events in Frankfurt than on developments in the Middle East. The decision drew praise from economists including Ifo President Clemens Fuest, who said raising rates was "the right step at this point" given high inflation and little hope of a de-escalation in the conflict with Iran. ...
#ECB #rolls #the #dice #first
ECB rolls the dice as first major central bank to hike rates over Iran war – POLITICO
By moving first, the ECB has positioned itself as the most hawkish of the world's major central banks. But whether that is remembered as leadership or as a replay of the ECB's ill-fated 2011 rate hikes will depend less on events in Frankfurt than on developments in the Middle East. The decision drew praise from economists including Ifo President Clemens Fuest, who said raising rates was "the right step at this point" given high inflation and little hope of a de-escalation in the conflict with Iran. ...
#ECB #rolls #the #dice #first