11
Mar
The European Central Bank announced this week that it is speeding up its exit from bond purchases as the economic effects of the war in Ukraine lead to a surge in inflation across the EU.
The decision aims to secure “as much optionality as possible” in view of the “huge uncertainty” faced by the eurozone, ECB President Christine Lagarde stated at a press conference following the announcement. At the same time, the central bank couldn’t simply ignore record-high inflation.
“The prospects...