Home » Rate hike: “Not the task of the ECB to make monetary policy for Germany”

Rate hike: “Not the task of the ECB to make monetary policy for Germany”

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Rate hike: “Not the task of the ECB to make monetary policy for Germany”

The European Central Bank (ECB) has again increased the key interest rate for the euro zone by a quarter of a percentage point. Banks that want to borrow money from the ECB now have to pay an interest rate of 4.25 percent. The higher interest rates are already having side effects because they are slowing down the economy.

This applies to an already difficult situation, especially in Germany. That should also become a problem for the ECB. It will be faced with the question of whether it wants to conquer inflation with even higher interest rates, or whether its interest rate policy takes Germany into account.

“We will continue to follow a data-dependent approach,” says ECB President Christine Lagarde. Above all, she has…

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