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Low rate: “Weaning time”

7/20/2022, 7:22:57 PM


The editorial of Le Figaro, by Jacques-Olivier Martin. Finally! After months of analysis, debate and reflection, the European Central Bank will raise its key rate (a first in eleven years) to fight inflation. Europeans can't take it anymore. Our States may pour tens of billions of euros in energy shields, rebates on prices at the pump, increase social minima, pensions, nothing helps: expenses swell, the coffers are empty... without ever satisfying ben

Finally!

After months of analysis, debate and reflection, the European Central Bank will raise its key rate (a first in eleven years) to fight inflation.

Europeans can't take it anymore.

Our States may pour tens of billions of euros in energy shields, rebates on prices at the pump, increase social minima, pensions, nothing helps: expenses swell, the coffers are empty... without ever satisfying beneficiaries, or calm prices.

Some will judge that this increase is too timid or too late, but no one will frankly find fault with it: inflation is so strong everywhere in Europe that all the initiatives aimed at stopping the waltz of labels deserve to be implemented.

But by acting in this way, Christine Lagarde, the President of the ECB, is above all putting an end to the policy of low interest rates which has maintained the illusion of abundant and free money.

A real financial drug to which all the actors have…

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