The European Central Bank (ECB) raised two key interest rates three-quarters of a point last week, the second such raise in the ECB policy committee’s last two meetings.
Tag: ECB
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ECB FEARS INFLATION WILL LAST FOR YEARS
The European Central Bank’s [ECB’s] governing council is expressing concern that inflation in the Eurozone, which ran recently at 10 percent, will become “self-reinforcing” and last for years as the euro remains weak and governments pump stimulus money into national economies to soften the impact of soaring energy costs, the Financial Times reported.