Economics and politics - comment and analysis

The ECB’s interest rate hike is a grandiose mistake

5. February 2023 I Economic Policy, Europe, Forecasts

The ECB’s decision on 2 February to raise interest rates again by 0.5 percentage points and to announce an equally large increase for March will go down in history as a grand misjudgement. Although it is already foreseeable that the price development in Germany and Europe will quickly approach normal values in the course of this year, …

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