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Monetary Policy Tightening in the Euro Area: What Could Go Wrong?
July 18, 2022 | Report
Inflation in the Euro Area has soared in recent months, and the European Central Bank is preparing to raise rates for the first time in more than a decade. On its tightening journey, the ECB faces two challenges: it may not be able to rein in inflation, and it may trigger different effects across different Euro Area countries.
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