Markets Now Expect Shock And Awe From The ECB
Soberlook.com
In recent months the ECB has been dismissing reports showing declining inflation in the Eurozone. Officials have been calling the situation “transient”. “Just wait until after Easter,” and all will be well… (see story). But today’s inflation report out of Germany shows that there is nothing transient about euro area’s disinflationary pressures.
Source: Investing.com |
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The ECB has little choice but to act at this point, and unless we see “shock and awe” from the central bank, global markets will be quite disappointed.
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