The ECB's dilemma with interest rates: taming inflation at the cost of sacrificing economic recovery

The ECB’s dilemma with interest rates: taming inflation at the cost of sacrificing economic recovery

Working as a central banker is similar, in difficult times, to the job of a tightrope walker. Or that of the doctor who must prescribe a treatment that he knows will have secondary effects on the patient, but that is the only way to eliminate a greater evil. In this case, the patient is the …

The ECB’s dilemma with interest rates: taming inflation at the cost of sacrificing economic recovery Read More »