The significant interest rate increase by the ECB paves the way for rising interest rates on savings in Germany. But the joy about this could soon be clouded by the negative effects of ultra-tight monetary policy.
Stefan Schaaf
Monetary policy works slowly. It is therefore difficult to directly assess the success or failure of central bankers. In the case of Christine Lagarde, the current President of the European Central Bank (ECB), it is now becoming clear that her term in office will not be judged on whether monetary policy has become “greener”. She made that clear three years ago when she took office in Frankfurt at her first press conference. But it is now more than clear that, in retrospect, the Frenchwoman will be judged on whether she managed to get the eurozone’s record inflation rate of 9.1 percent under control.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
