Eurozone
Interest Rates
Russia
Inflation
Central banks are forced to fight skyrocketing inflation by raising interest rates as the pandemic, the war in the Ukraine, and inflation continue to burden economies throughout the globe. This choice may be influenced by the crisis in Ukraine and the general state of the economy, as central banks like the ECB may choose to hold off until the uncertainties subside.
As a result, it appears that the ECB has not yet caught up with its peers, despite the fact that numerous central banks, like the Bank of Canada, the US Federal Reserve, and the Bank of England, have already taken action to combat inflation by raising interest rates.
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