ECB Exits Negative Interest Rates, Hikes by 50 Bpts, Double its Promise, Bigger Hikes on Tap, Shows Off New Glue Gun to Prevent Sovereign Debt Crisis During Rate Hikes & QT

by Wolf Richter, Wolf Street: Raging inflation finally forces the ECB to abandon its reckless and absurd monetary policies and turn hawkish. The ECB made two big announcements following its meeting today, July 21, 2022, and we’ll engrave this date into digital stone because it’s so important in the absurd NIRP fiasco: TRUTH LIVES on […]