ECB hikes rates for ninth time, despite recession fear

Press quote (EU Observer)
27 July 2023

While the US has tightened the money supply "from a position of strength" and has a shot of disinflation "without a 'deep' recession," Sander Tordoir, who is a senior economist at the Centre for European Reform, tweeted on Thursday, "Such hope if there ever was one, seems faint for the eurozone."