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Specification:
- Monetary policy
Click to read the article below and then answer the questions:
ECB raises interest rates to all-time high
- When economic growth is slowing, how do central banks typically adjust interest rates? Why?
- How does the ECB’s recent action compare with your previous answer?
- Why is the ECB continuing to raise rates? Describe the chain of responses that the ECB is hoping will happen
- What was inflation last August compared to this August? How does that compare to the ECB’s target inflation rate?
Ariel Slonim at MRU Econinbox
