Published on 8 July 2024
![Visuel - billet blog 351](/system/files/styles/rectangle_375x225/private/2024-04/Visuel%20hausse%20taux%20int%C3%A9r%C3%AAt.jpg?h=88b366d4&itok=lbuzh_V8)
Post No.359. The effectiveness of monetary policy in combating inflation depends on its ability to influence long-term interest rates, and therefore on the financial markets’ perception of the future response of monetary policy to inflation. This blog post analyses the perception of the markets and shows that the Eurosystem's commitment to fulfilling its price stability mandate has always stayed credible.