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The ECB Podcast Summer School #2: the nuts and bolts of interest rates
The ECB Podcast
The Future of Interest Rates
Philip Arlain: We've come from a long period of super low rates. Now we're in a different phase of the cycle where inflation is too high for too long, well above our target. When all of this settles down, where are we going to be? The ECB's policy rate will have come down to about 2%. That's much lower than it is today, but a lot higher compared to that kind of extraordinary period. So let me say low, rather than super low is where I think we're going to be.
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