They did it too late causing a recession. The Internet archive will store this discussion, and 3-4 years down from now, when they will get their "Alan Greenspan I Did Not Know How The Economy Really Works" moment...I will be back...
Re:ECB holds key interest rate at 4%
by keep_reading on Friday October 27, 2023 @10:44AM
(#38039132)
This is correct and the naysayers either have amnesia or are hopelessly optimistic that central planning works.
Well...well...It seems we don't even have to wait 3 years. Interview from today from Mrs Lagarde. The mea culpas alread started...
"Christine Lagarde: ‘I should have been bolder’" - https://archive.ph/47udO
“...But what we should have learned is that we cannot just rely only on textbook cases and pure models. We have to think with a broader horizon...”
Economies ebb and flow.. that's how things have always worked. Interest fluctuations are a mechanism to manage it. What is your problem with the ECB doing it's job exactly?