In the current political environment, the dangers to the ECB from outside political interference are much greater from raising rates too fast than too slowly. If it goes too slow, the ECB has earned sufficient credibility as an inflation fighter to make up for it in the future with little if any economic or political cost.
在目前的政治环境中，由于加息过快而对欧洲央行进行外部政治干预的危险要远远超过加息过慢。如果加息过慢，欧洲央行也就赢得了将来弥补通货膨胀斗士的足够的信誉度，而经济和政治代价则几乎没有。但是如果加息过快，其政治代价将会是巨大而无可挽回的。政坛人物们将会推动进行更多的控制，并且有可能无论是否受到马斯特里赫特条约的约束而得逞。