Financial Repression | Low ECB Interest Rates & High Inflation generate a Loss of €1 Trillion in Purchasing Power for European Savers in 2022 alone

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In a late bid to address soaring inflation in the Euro area, the European Central Bank (ECB) increased interest rates for the first time in 11 years in July 2022, raising its main rate to 0 percent after eight years of negative rates, and reaching 0,75% today. Notwithstanding, Eurozone inflation hit a new record high of 9.1% in August, further deepening Europe’s cost-of-living crisis.