Can you believe this?
Central banks cannot determine the price of oil
I'm speechless, truly truly speechless.
They are pumping billions and billions of euro's a month to achieve their price mandate, which is being affected by something they have no control over anyway. What happens if oil goes to $100 bucks and pushes inflation to 4% but the economy is only running at 1.5% GDP? Rate hikes?
I must be missing something here. The article came from an interview with the Wiener Zeitung. I'm hoping something was cocked up in the translation.
