Well if you impose sanctions on Russia and cause the price of oil and gas to increase what do you expect except price rises and inflation. How do you fix it ? Increase interest rates.
Now people have less money from paying higher for gas petrol food and interest and a recession takes place. And all because you took sides with the Ukraine who was your minor trade partner against one of your major trade partners ( Russia)
What a price to pay for freedom and the moral right.
Regular_Pomelo_7775 t1_iy5w8eo wrote
Reply to Inflation in Europe likely to increase, more interest rate hikes likely, warns central bank president by misana123
Well if you impose sanctions on Russia and cause the price of oil and gas to increase what do you expect except price rises and inflation. How do you fix it ? Increase interest rates. Now people have less money from paying higher for gas petrol food and interest and a recession takes place. And all because you took sides with the Ukraine who was your minor trade partner against one of your major trade partners ( Russia) What a price to pay for freedom and the moral right.