“ECB breaks record streak of rate hikes as economy weakens”

“The central bank for the 20 countries that use the euro left the rate it pays on deposits at a record-high 4.0%, reaffirming that the current level of borrowing costs may just be enough to tame inflation if kept there “sufficiently long”….”

https://finance.yahoo.com/news/ecb-breaks-record-streak-rate-121938924.html

This article is horribly written but It seems the bank did not increase nor decrease rates. The banks have said their goal is a recession. That’s a roundabout way saying their goal is to bankrupt you. It should be obvious that people who lose their jobs have a higher chance of becoming unemployed for a prolong period or finding lower paying jobs. If so this increases their rate of gathering debt.

Also lets get this out of the way. Central banks are not trying to beat inflation. They cause inflation by printing money. They want to slow inflation so citizens do not realized what they are doing. They are trying to deceive and rob the public. Inflation is a hidden tax. This is their way of choice of stealing money from the public