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The desperate search for the decision that can only be wrong

The scenario for the current interest rate meeting seemed to be set: In order to fight inflation in the euro zone, the European Central Bank (ECB) must make another big interest rate hike.

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The desperate search for the decision that can only be wrong

The scenario for the current interest rate meeting seemed to be set: In order to fight inflation in the euro zone, the European Central Bank (ECB) must make another big interest rate hike. ECB President Christine Lagarde had therefore explicitly announced several times that the central bank would tighten the guidelines by another half a percentage point.

But the seemingly predictable script has been overtaken by reality.

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