Apr
07

ECB Wrongly Raises Rates

The ECB hiked its main interest rate to 1.25% from 1%, yet inflationary pressures and growth prospects are no different in Europe than in the US and UK and they are not raising. This decision marks the moment when differences in analysis and not divergent economic circumstances, affect policy decisions. This decision will hurt the fragile economic recovery and given the numerous event risks is not a wise idea.

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