Re:European Central Bank rises rates by 0.5%
by _ph_ on Thursday July 21, 2022 @10:07AM
(#32179572)
The high inflation rate comes from several factors pushing together at the moment. On the one side, the policy of cheap money had to come to an end. On the other side, there is the war and the energy shortage as well as the global economy still suffering due to the pandemic. One could reasonably hope that the effects of the war, energy shortage and pandemic are coming to an end, reducing that pressure onto prices. If e.g. Russia continues to sell gas to Europe, energy prices shouldn't rise much further.
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