Inflation in the eurozone is running at 8.1%, with no downside, but attribute the persistence to the European Central Bank. ECB president Christine Lagarde’s attitude has remained one of reckless, steadfast patience, breaking down all the chatter surrounding this week’s meeting.
The ECB’s policy rate at this week’s policy meeting was minus 0.5%, and after record inflation data last week and a tight cycle in the US and the United Kingdom, that ECB rate. , , Still sits at minus 0.5%. Ms Lagarde said she would increase rates by 0.25 points at the next meeting in July. The Eurozone will wait until September at the earliest to get a policy rate that is zero or barely positive in nominal terms. These rates remain deeply negative in real terms.
opinion | Rumors of Eurozone monetary tightening
Inflation in the eurozone is running at 8.1%, with no downside, but attribute the persistence to the European Central Bank. ECB president Christine Lagarde’s attitude has remained one of reckless, steadfast patience, breaking down all the chatter surrounding this week’s meeting.
The ECB’s policy rate at this week’s policy meeting was minus 0.5%, and after record inflation data last week and a tight cycle in the US and the United Kingdom, that ECB rate. , , Still sits at minus 0.5%. Ms Lagarde said she would increase rates by 0.25 points at the next meeting in July. The Eurozone will wait until September at the earliest to get a policy rate that is zero or barely positive in nominal terms. These rates remain deeply negative in real terms.