2023-05-19 05:24:10
By raising its key rates seven times since last July to curb soaring inflation in the euro zone, the European Central Bank (ECB) has put an end to a long cycle of easy money. However, so far, the consequences for the French economy have been quite limited. “It takes between one and two years for the monetary tightening to produce its effects. Most of the effects of the increases already decided are ahead of us,” warns an expert.
Some not always negative effects are already visible: “The ECB’s policy has led to an appreciation of the euro once morest the dollar. This lowers the price of imports,” observes Marc Brütsch, chief economist at Swiss Life Asset Managers. For their part, savers saw the remuneration of the Livret A jump to 3%.
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