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How far will the ECB go to slay its ‘greedy beast’?
The euro-zone may be mired in recession, but that won’t stop the ECB from raising rates again this coming week in order to get inflation – a “greedy beast”, according to Bundesbank President Joachim Nagel – under control.
Deputy Chief Eurozone Economist Jack Allen-Reynolds tells David Wilder why another 25 basis point hikes is a done deal for this Thursday, but also why the ECB could take rates up to 4% from 3.5% now and keep them there – and what that means for an already-faltering European economy.
Plus, Chief Commodities Economist Caroline Bain and Climate Economics head David Oxley…
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