ECB faces inflation dilemma but sovereign borrowers unconcerned
Wednesday 26 January 2022 – Vol.13 Ed.4.3
Commentary: Wind of change at ECB as Fed tightens, inflation stance shifts
By David Marsh and Taylor Pearce
A wind of change is blowing at the ECB as the world braces for higher US interest rates. Six years of low inflation, followed by Covid-19, have allowed the ECB to maintain negative interest rates and near-continuous asset purchases, promoting policies to dampen the sovereign debt crisis....