ECB Must Act Soon to Avoid a Currency Crisis

The euro. The slide this time is worrisome. 



The euro has declined steadily for the past year from above 1.22 per dollar to within close range of the 1.0640 low of March 2020, when the pandemic first hit.

The only logical answer is for the ECB to raise its official deposit rate from the current super-stimulatory negative 50 basis points.

Marcus Ashworth Bloomberg 20 april 2022

https://www.bloomberg.com/opinion/articles/2022-04-20/euro-weakness-may-lead-to-a-currency-crisis-if-the-ecb-doesn-t-act-soon

 

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