The ECB started raising rates four months after the US Federal Reserve, and it is probably too simplistic to think that the ECB will follow the Fed and slow the pace of rate rises in four months time.
The European Central Bank raised interest rates by 50 basis points yesterday, bringing its cumulative tightening to 250 basis points in just over seven months.The ECB started raising rates four months after the Fed, and it is probably too simplistic to think that the ECB will follow the Fed and slow the pace of rate rises in four months time.
We need your consent to load this rte-player contentWe use rte-player to manage extra content that can set cookies on your device and collect data about your activity. Please review their details and accept them to load the content.Manage Preferences "I think it's a little early for the ECB to be comfortable and satisfied with where we are at, and the key problem is that inflation is extremely high," Mr Barry said.
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