They already said this at the last interest rate hike, the headline is kind of ambiguous almost suggesting the hike is coming in next Thursday and its not just them further discussing it
Ahhhh balls.
Should put the number of homeless higher.
What a weak response to record inflation.
The ECB are useless. Happy to see inflation soar just to protect their shitty economies of Greece, Spain, Italy.
Do they not look at the US/Canada/New Zealand and see their responses? They know 0.25 or 0.5 will do nothing.
Realisitically theyre going to have to increase by a lot more than .5 to in any way shape or form “Tame” inflation, and even a rate hike will have minimal effect – It will bring house prices down, but the majority of inflation right now is driven by energy costs which interest rates have no effect.
Hmmm…that is just the beginning. By the end of September we are looking at 0.75 or 1% more than today, by the end of the year another 0.5% seem likely. If the gas does not flow from Russia on Friday electricity prices will raise immediately. And of course it will be the longest and coldest winter we had for 15 years…..
It should be raised by more but it won’t be because it will put Italy and Greece at risk of defaulting on its debts.
The ECBs two primary goals are to keep inflation at around 2% and to keep the Euro stable and its failing miserably on both fronts.
This has always been the problem with the Euro, the ECB have to set the monetary policy for 19 different countries with vastly different needs and it just doesn’t work.
Either the EU becomes a superstate that dictates the fiscal policy of each of its members states or the member states move away from the Euro. You can’t have both.
Can any ELI5 how this is supposed to combat inflation.
Can someone explain to me how low interest rates and not higher oil, gas, and petrol prices, coupled with shortages in foodstuffs and other vital products driving up the prices of those products, is causing inflation? They can put interest rates up ten percent but it still won’t make fuel, heating, transport or supermarket costs any cheaper, so inflation will still be high. All that will happen is that more people will not be able to get by and many will lose their homes. Businesses just scraping by will go under. No ordinary EU citizen will benefit from any of this, so I’m wondering what or who benefits?
Long overdue and should’ve been raised by more.
Still negligible for bank account savings…
Okay, AIB, I am waiting for some actual savings, not 2 euro plus bs
Don’t editorialise the heads, op.
Barry’s is by far the best Irish tea ☕️
Seriously dragging their heels in comparison to other central banks, wonder how it will all turn out, obviously they are trying to protect some nations as others mentioned but can’t keep that up forever
15 comments
buying a gaf is back on the menu boys
They already said this at the last interest rate hike, the headline is kind of ambiguous almost suggesting the hike is coming in next Thursday and its not just them further discussing it
Ahhhh balls.
Should put the number of homeless higher.
What a weak response to record inflation.
The ECB are useless. Happy to see inflation soar just to protect their shitty economies of Greece, Spain, Italy.
Do they not look at the US/Canada/New Zealand and see their responses? They know 0.25 or 0.5 will do nothing.
Realisitically theyre going to have to increase by a lot more than .5 to in any way shape or form “Tame” inflation, and even a rate hike will have minimal effect – It will bring house prices down, but the majority of inflation right now is driven by energy costs which interest rates have no effect.
Hmmm…that is just the beginning. By the end of September we are looking at 0.75 or 1% more than today, by the end of the year another 0.5% seem likely. If the gas does not flow from Russia on Friday electricity prices will raise immediately. And of course it will be the longest and coldest winter we had for 15 years…..
It should be raised by more but it won’t be because it will put Italy and Greece at risk of defaulting on its debts.
The ECBs two primary goals are to keep inflation at around 2% and to keep the Euro stable and its failing miserably on both fronts.
This has always been the problem with the Euro, the ECB have to set the monetary policy for 19 different countries with vastly different needs and it just doesn’t work.
Either the EU becomes a superstate that dictates the fiscal policy of each of its members states or the member states move away from the Euro. You can’t have both.
Can any ELI5 how this is supposed to combat inflation.
Can someone explain to me how low interest rates and not higher oil, gas, and petrol prices, coupled with shortages in foodstuffs and other vital products driving up the prices of those products, is causing inflation? They can put interest rates up ten percent but it still won’t make fuel, heating, transport or supermarket costs any cheaper, so inflation will still be high. All that will happen is that more people will not be able to get by and many will lose their homes. Businesses just scraping by will go under. No ordinary EU citizen will benefit from any of this, so I’m wondering what or who benefits?
Long overdue and should’ve been raised by more.
Still negligible for bank account savings…
Okay, AIB, I am waiting for some actual savings, not 2 euro plus bs
Don’t editorialise the heads, op.
Barry’s is by far the best Irish tea ☕️
Seriously dragging their heels in comparison to other central banks, wonder how it will all turn out, obviously they are trying to protect some nations as others mentioned but can’t keep that up forever