ECB raises interest rates for second time in three months as Brent crude rises above $100 a barrel
Emeritus Professor Joe Nellis is Head of Economic Research at MHA, the accountancy and advisory firm. With inflation rising to 3.3% in August and Brent crude oil once again above $100 a barrel, the European Central Bank has decided that the European — and global, economy is no longer facing merely a short-term inflation shock.…