How rate increases work – short-term pain in the hope of longer-term gain

The European Central Bank’s (ECB) first rate hike since 2011 was prompted by rising inflation but will bring no relief from ever-rising household bills or business expenses. At least not in the short term.

That’s because the money supply – which is dictated by interest rates – accounts for a relatively small part of what’s fueling inflation in Europe.

https://www.independent.ie/opinion/comment/how-rate-increases-work-short-term-pain-in-the-in-hopes-of-longer-term-gain-41859330.html How rate increases work – short-term pain in the hope of longer-term gain

Fry Electronics Team

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