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The ECB's savvy gradualism

STANFORD This month, the world’s major central banks shifted gears and announced plans to tighten monetary policy. But there was one notable exception: the European Central Bank (ECB), which says it does not intend to raise interest rates in 2022, even though it is well aware of today’s inflation risks. ....

Bruxelles Capitale , Jens Weidmann , Melvynb Krauss , Christine Lagarde , Mario Draghi , Christian Lindner , Sergio Mattarella , Economics At New York University , Italian Labour Union , European Central Bank , Confederation Of Labour , Italian Prime Minister Mario Draghi , Italian General Confederation , New York , Project Syndicate ,

The ECB's savvy gradualism

STANFORD This month, the world’s major central banks shifted gears and announced plans to tighten monetary policy. But there was one notable exception: the European Central Bank (ECB), which says it does not intend to raise interest rates in 2022, even though it is well aware of today’s inflation risks. ....

Bruxelles Capitale , Jens Weidmann , Melvynb Krauss , Christine Lagarde , Mario Draghi , Christian Lindner , Sergio Mattarella , Economics At New York University , Italian Labour Union , European Central Bank , Confederation Of Labour , Italian Prime Minister Mario Draghi , Italian General Confederation , New York , Project Syndicate ,