
Learning from the European Central Bank's policy mistakes
The Sound of Economics
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Is the European Central Bank Really Wrong in Not Raising Interstates?
In 20 21, indeed, i think that not raising interest rates was a right decision. But in the period when isibi struggled to how to break this promise, it lost a couple of months and also might have lost credibility. So under such circumstances, the credibility of the centre bank can be undermined. And this can have, you no adverse impactsi in later, because then the sib nee to prove that they are caring for imflation. And they have to correct themselves.
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