US EditionThe Ecb and the Fed: Between Pause and Fine-Tuning
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After a year and a half of monetary policy twists, both the European Central Bank (ECB) and the United States Federal Reserve have reached a calculated pause. At their July 2025 meetings, both institutions have chosen to keep their interest rates unchanged, having begun downward cycles in 2024, when inflation began to decline and the risks of recession intensified. The current environment, however, is more complex: inflation has fallen noticeabl…
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