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ECBs Lane: ECB will keep rates high until inflation returns to 2%, but may take some time

ECB's chief economist Lane in an ECB's said:The ECB's decision to raise interest rates took longer than the Federal Reserve's due to several factors.In 2021, demand played a more significant role in driving US inflation, making monetary policy more immediate.The ECB did not cut interest rates during the pandemic, unlike the Fed and BoE, so the initial rate increases were reversing pandemic cuts.The primary source of inflation was the energy shock, as reflected in consumer surveys.Raising rates h... Read More

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Posted: Oct 16 2023, 19:09

Author Name: forexlive

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