ECB begins hiking rates to fight inflation surge
Following the start of the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades.
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Following the start of the COVID-19 pandemic in 2020, a worldwide surge in inflation began in mid-2021 and lasted until mid-2022. Many countries saw their highest inflation rates in decades. It has been attributed to various causes, including pandemic-related economic dislocation, supply chain disruptions, the fiscal and monetary stimulus provided in 2020 and 2021 by governments and central banks around the world in response to the pandemic, and price gouging.
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Factrail. (2026). ECB begins hiking rates to fight inflation surge. Factrail. https://factrail.ai/facts/ecb-raises-rates-to-fight-inflation-2022-07
https://factrail.ai/facts/ecb-raises-rates-to-fight-inflation-2022-07
Accessed 16 October 2026.
By the Factrail desk · Method: how we source and score · Last reviewed
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