The timing of this raise is reckless and irresponsible given the recent major bank failures and so on!
The monetary statement at a glance is devoid of any mentioning of the banking sector situation and what impact the raise may have!
For too long (since about 2008), irresponsible Western central banks maintained ultra low interest rates to fuel household, business and government indebtedness. For these and other reasons, price inflation came about like not seen in decades. Exactly, the raising of these interest rates to fight the price inflation contributed to the default of the Silicon Valley Bank for its extremely large holdings of low return government bonds loosing value.
The ECB president Christine Madeleine Odette Lagarde is probably a gender quota woman! She has a history of incompetence and mediocrity! (for more please click on her label below). I would compare her to Janet Yellen!
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