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13 Sept 2022 Eurozone Monitor The ECB is Playing a Risky Game, but it has no Choice

Claus Vistesen (Chief Eurozone Economist)9th Sep 2022 16:28Eurozone, Daily Monitor

No one knows how the EZ economy will respond to a 250-to-300bp increase in interest rates.
But the ECB is not necessarily making a policy mistake; the surge in inflation can’t be ignored.
Sustained fiscal stimulus and a resilient labour market offer hope that the ECB will get away with it.

ECB euribor fiscal stimulus governing council government inflation outlook interest rate interest rates July labour monetary policy mortgage negative rates policy policy rates policymakers q1 refinancing wall street journal

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