David Chance: European Central Bank to plough on with its misguided hikes as Federal Reserve calls time after 10
The ECB and Christine Lagarde is in a position where if it backed away from further rate hikes, its credibility would be blown. Photo: Andreas Rentz/Getty Images — © Getty Images
David Chance
Today’s interest rate rise from the Federal Reserve is its tenth in a row and likely marks the end of a cycle that kicked off in March last year.
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