Tomas Hirst on the State of ECB Policy and the Eurozone Economy
Macro Musings with David Beckworth
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Is the Main Rate the Main Refinance Rate?
The ECB has a governing council. There's probably lots of interesting trading and politicking going on behind the scenes we don't know about. And over there, there are some key interest rates. Let me read off the ones that I'm aware of and you tell me which ones are the most important. We started at zero here in the US. So the Eurozone has had two percentage points or 200 basis point increase. We've had 375 likely have another 50 basis points here in December.
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