Economics
Europe’s Impending Recession Leaves ECB in Deeper Policy Bind
- Euro zone’s energy-driven inflation may not ease by much
- Some economists don’t see hikes going far if economy shrinks
The European Central Bank (ECB) headquarters in Frankfurt.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Europe is bracing for a recession that may do little to tame record inflation, testing the mettle of central bankers who’re just days away from raising interest rates after a decade-long hiatus.