A very large number of European Central Bank members agreed at the last meeting that it is appropriate to raise interest rates by 50 basis points, as suggested by chief economist Philip Lane, according to the minutes of the meeting released today. As mentioned, the increase by 50 m.v. was deemed justified due to the […]
Tag: minutes
Fed Proceedings: Fighting Inflation Even If It Costs Growth
US central bank officials stressed at the June meeting the need to fight inflation even if that means slowing the economy, which already appears on the brink of recession. According to the minutes of the Fed meeting, published today Wednesday, central bankers stressed that the 0.75% increase in interest rates (the largest in 28 years) […]