Mainly Part C I need help with please

After an increase of 75 basis points in September 2022, the European Central Bank (ECB) is expected to increase its key interest rate on main refinancing operations (MRO) again at both its October and December 2022 meetings.

However, some economists have criticised the ECB by asserting that increasing interest rates may jeopardise economic growth and have negative consequences for employment in the euro area, especially as current inflation is primarily caused by supply factors in energy markets.

1.Breifly Summarise the monetary policy decisions taken by the ECB at both the September and October 2022 meetings.

(c) Critically analyse the ECBs recent monetary policy decisions and policy announcements in the context of its primary mandate and the current euro area and global macroeconomic environment.

The European Central Bank conducts monetary policy in the Euro area, and follows the system of a single primary mandate. The Federal Reserve is the Central Bank for the USA, and follows a dual mandate system.

Part (C) structure guide

Start by explaining the global macro environment

From there, you should discuss whether they were correct to take the actions or could they have chosen an alternative set of actions. Again, what you might want to do is to structure this as a 'hawk' vs 'dove' argument. As per the Reuters news story above, the 75-basis-point rate hike was supported by a large majority, although a "few" policymaker wanted a smaller, 50-basis-point move.

Finally, you can give your judgment on whether you would side with Makhlouf and go for a 50 basis point rise in December or would agree with the Austrian CB governor that they need to increase by 0.75% again