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A comment on The euro has tumbled near parity to the US dollar. Parent comment

Re:The euro has tumbled near parity to the US dollar by enlyth on Monday July 11, 2022 @09:20PM (#32064416)
Correct, but they are not raising rates as aggressively as the US. Powell was not afraid to do 75bps, while the BoE is already giving out dovish signals after a 25bps hike last month.
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Re:The euro has tumbled near parity to the US dollar by mytailorisrich on Tuesday July 12, 2022 @03:04AM (#32066562)
Many experts think that raising BoE rates will do more harm than good:

* inflation is mostly imported

* cost of living crisis

* incoming recession

So they are under pressure to both try to contain inflation (but see above) and prop up economy.

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