This only adds to the feeling that central banks are willing to cut rates aggressively, and ahead of schedule. This is symbolic because it shows that things are moving ahead, although no one predicted they would move so far so fast.
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There is a bloodbath in retailing in terms of competition.Claudio Piron
This simply confirms what we knew from the numbers from France and Germany already, that inflation is certainly on the rise.
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The market will interpret those comments that the bank has gone towards a tightening bias.
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There will be a sense of relief that the medicine has worked.
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Europe has had an image problem. It has seemed unable to change and adapt to the world.
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