EURCAD 5th SEPTEMBER 2022
The ECB looks set to raise the second major interest rate at its upcoming meeting on Thursday with inflation in the Eurozone, already at a record high,
Eurozone inflation hit a high of 9.1% in August, well above the ECB's 2% target as soaring energy costs exacerbated the cost of living crisis.
whether the central bank will deliver another 50 basis point hike, as it did in July, or opt for a larger 75 basis point hike, despite the looming prospect of recession this winter.
In this new speech, ECB board member Isabel Schnabel urged the central bank to act decisively to control inflation, even if it plunges the economy into recession.
Eurozone inflation hit a high of 9.1% in August, well above the ECB's 2% target as soaring energy costs exacerbated the cost of living crisis.
whether the central bank will deliver another 50 basis point hike, as it did in July, or opt for a larger 75 basis point hike, despite the looming prospect of recession this winter.
In this new speech, ECB board member Isabel Schnabel urged the central bank to act decisively to control inflation, even if it plunges the economy into recession.
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