RE: ECB stands pat on interest rates25 Jan 2024 13:40
The ECB says it's still seeing a promising trend on inflation, in a sign of dovishness that may signal cuts might not be too far away.
The bank said: "Aside from an energy-related upward base effect on headline inflation, the declining trend in underlying inflation has continued, and the past interest rate increases keep being transmitted forcefully into financing conditions.
"Tight financing conditions are dampening demand, and this is helping to push down inflation."
Cut the money supply prices will come down
As with Uk tax everyone more less money to spend
It's called make everyone feel poorer wealth destruction