The ECB’s unappreciated flexibility
The eurozone’s central bank might be like a dysfunctional family, but it generally works things out
The following article appeared in Financial Times Alphaville on 16th May 2022.
It would have been fun to eavesdrop on the European Central Bank’s meeting in April. The eurozone monetary family shindig was probably even more tense than normal.
On one side of the room are the inflation-allergic Germans and their (relatively) newfound friends. On the other …
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