The ECB interest rate move could be a historic mistake

The skeptics' core argument is that current inflation is not the result of overheated demand, but rather the result of an external supply shock. Higher interest rates will neither make oil cheaper nor resolve geopolitical deadlocks in the Middle East while the US and Iran are still struggling to reach a peace agreement. On the contrary, they only increase costs for consumers, which further burdens the economy. submitted by /u/IntrepidWolverine517 [link] [comments]