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ECB's Schnabel: Subdued progress not proof of restrictive coverage

  • Subdued growth not proof of restrictive policy.
  • Can’t say with confidence policy is restrictive.
  • The nature of the inflation process is likely to have changed lastingly.
  • We are transitioning from a global “savings glut” towards a global “bond glut”.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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