Home » The effect of Interest rates.. Inflation touches the sky while ECB promises it will turn to 2%

The effect of Interest rates.. Inflation touches the sky while ECB promises it will turn to 2%

by Author1
0 comments 0 views 1 minutes read
A+A-
Reset

Despite the European Commission’s tone of optimism, the European Central Bank (ECB) says inflation expectations remain too high and will remain so for too long. The bank reported in its economic bulletin Friday.

Underlying price pressures remain strong, and previous interest rate increases are moving strongly to financing and monetary conditions within the eurozone, while the impact of interest rate impact is delayed across the real economy. The bank said.

Earlier this week, the European Union Commission provided a positive view of the European economy in terms of inflation, recession, growth, and the labor market.

The euro zone’s banking sector has proven resilient to financial market tensions, and rate hikes are moving strongly to financing conditions for businesses, households, and banks. In its assessment of the continent’s financial and monetary situation, the ECB confirmed.

The latest eurozone bank lending survey reports that credit standards are generally tighter, and stronger than banks expected last time, suggesting that lending may see further weakness.

Christine Lagarde, president of the European Central Bank, said the bank would be courageous about making the necessary decisions to restore inflation to the 2% target.

The European Central Bank will make more accurate decisions in the future to continue its battle against high inflation. Lagarde promised.

Tu pourrais aussi aimer

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accepter En savoir plus