HomeTrendingLow Rate: "Wasting Time"

Low Rate: “Wasting Time”

Finally! After months of analysis, debate and deliberation, the European Central Bank will raise its key interest rate (for the first time in eleven years) to fight inflation. Europeans can’t stand it anymore. Our states can fill tens of billions of euros with energy shields, discounts on price pumps, increase social minimums, pensions, nothing helps. costs swell, coffers empty… without ever satisfying beneficiaries or quiet prices.

Some will find this growth too timid or too late, but no one will honestly find fault; Inflation is so strong in Europe that any initiative aimed at stopping the label waltz is worth pursuing. But in doing so, ECB President Christine Lagarde is first putting an end to the low interest rate policy that maintains the illusion of abundant and free money. A real financial medicine that all actors…

Source: Le Figaro

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