For years, the European Central Bank has been succumbing to political interests and pursuing objectives beyond the scope of its primary mandate: maintaining price stability. But now that inflationary pressures are building, the ECB’s credibility is on the line.
warns that the European Central Bank’s politicization will catch up to it in the new inflationary environment.
warns that transatlantic monetary-policy divergence could lead to trade tensions, attributes Russia’s recent aggression largely to higher gas prices, and doubts that China’s regulatory crackdown will impede its economic progress.
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