The ECB Is Raising Rates, but Is Also Committed to Buying More Government Bonds
The European Central Bank (ECB) raised interest rates for the second time this year (by 0.75 percent). The eurozone's CPI was 8.9 percent in July. In that month, the ECB raised rates by 0.5 percent and created a new instrument of monetary policy, the Transmission Protection Instrument (TPI), to counter the 'risk of fragmentation' of the eurozone. The ECB key interest rates are
Source: mises.org