The European Central Bank is cutting its key interest rate, a step to boost an economy that’s struggling to grow as consumers ...
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The bank’s monetary policy committee increased the benchmark rate by a full percentage point to 13.25%.
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The European Central Bank is widely expected to cut interest rates for the fifth time since it began easing monetary policy.
The European Central Bank’s reduction, the fifth consecutive cut since last summer, came a day after the U.S. Federal Reserve held interest rates.
Central banks should be apolitical, not unaccountable. Monetary technocrats should serve the People.