ECB lowers interest rate and blames climate change for inflation…
Christine Lagarde
Christine Lagarde is the president of the European Central Bank, and today she declared at the usual press conference that the ECB lowers the deposit rate with a quarter basis points to 3 %. This is the fourth rate cut this year. We went from 4 to 3 %, all in an effort to give the European economy a boost, which is desperately needed. As the projected growth rate for the European Union has once again been downgraded from 0,8 to 0,7 %.
The projections for the growth in the EU in 2025 and 2026 have also been lowered.
As the EU is in an economic rut!
And there was also a very weird intermezzo by Christine Lagarde about climate change…
Climate Change and inflation???
Apparently, according to Lagarde there is a link between climate change and inflation. She says that droughts and erosion? cause inflation…
A very weird reasoning by the biggest leader of the banking system in Europe. I can’t see the link… If you ask me, the main reason for inflation is the excessive money creation by the central banks!
Sincerely,
Pele23
Posted Using InLeo Alpha
Nature is the lastest thing to be blamed for inflation.
My thoughts exactly
If anything it is more like the other way round
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