The ECB Wakes Up to Reality, Sort of
May 05, 2011 at 14:11 PM EDT
The ECB decided today to hold back from another interest rate hike. It seems the ECB has finally figured out that the series of interest rate hikes it intended to do this year probably would have caused the Eurozone some harm. Specifically, the ECB’s proposed tightening would have required more painful deflation in the Eurozone [...]
