ECB to cut rates despite rampant inflation
(media.kotakuinaction2.win)
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They have to. The debt they took out for generous social programs is too large and can’t be paid back. So they will set the interest rate below the inflation rate so that the debt will shrink in real terms. This is called financial repression. The US did this in the 1940 to pay for WWII.
In effect they will have the poor pay for the social programs by lowering everyone’s standard of living. This is 100% a deliberate act, and idiot leftists will blame “greedy corporations” instead of the governments that are actually making this happen.