THE ECB IS EXPECTED TO INITIATE INTEREST RATE HIKES TODAY.

THE ECB IS EXPECTED TO INITIATE INTEREST RATE HIKES TODAY. WHILE THIS MAY DRAW CRITICISM FROM SOME GIVEN THE CURRENT GROWTH CONTEXT, THE BANK ACTUALLY HAS LITTLE CHOICE. UNLIKE THE FED’S DUAL MANDATE OF INFLATION AND EMPLOYMENT, THE ECB HAS A SINGLE MANDATE: PRICE STABILITY. #ECB #CENTRALBANKS #INFLATION #ECONOMY — VIA @ELERIANM

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