The recent appreciation of the euro exchange rate has led to suggestions that the European Central Bank can afford to take its finger off the interest rate trigger. After all, conventional indicators suggest that policy conditions are now as restrictive as they were back in 2001, when interest rates were much higher at 4.75%
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services