The ECB's focus on restraining inflation is, in large part, a result of:

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Germany's traumatic experience with hyperinflation in the early 1920s, particularly during the period between the first and second World Wars, has had a lasting impact on its economic policy stance. This historical event is a significant reason behind the European Central Bank's (ECB) strong focus on maintaining price stability and restraining inflation. The memory of hyperinflation, which eroded savings and destabilized the German economy, contributes to the ECB's emphasis on inflation control, reflecting the broader economic principles and cautionary stance inherited from its largest member state, Germany.

The ECB's Focus on Restraining Inflation Is, in Large Part