The European Central Bank (ECB) has raised interest rates again after a pause. The decision was already expected by markets and marks a return to the monetary tightening policy by the European institution.
The interest rate hike occurs at a time when inflation is accelerating again in the euro area. This worsening of inflationary pressure is believed to have been one of the main factors that motivated the ECB to resume raising interest rates.
The ECB had implemented several interest rate hikes in the previous months to combat high inflation, having taken a pause at its last meeting. Now, the acceleration of inflation in the euro area has led the institution to conclude that it was necessary to tighten monetary policy again.
This decision is discussed in a new episode of the "Economia dia a dia" podcast, hosted by Juliana Simões, published by Expresso. The episode analyzes the reasons behind the ECB's new interest rate hike.
