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The exchange rate effects offset one another, but still result in lower energy prices overall, according to the DIW study. (Image: EnvatoElements/michelangeloop)
Berlin (energate) - The European Central Bank is influencing energy prices through its interest rate policy, according to the findings of a study by DIW Berlin. The reasons for this are a decline in economic activity due to the interest rate hike as well as an appreciation of the euro against the US dollar. As a result of an interest rate rise, aggregate demand is falling. Companies are investing less and households are cutting back on consumption. According to the DIW, demand f ...
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