If the headwinds from energy costs fade, the sky for growth should start to clear a little bit,
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At that time, it was painfully obvious that the American economy was showing tremendous resilience when the Fed began tightening. Europe has nothing like that now.
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There would have been disappointment if the Bank didn't act today, ... Inflation is low and under control and the ECB is quite concerned about the economic outlook.
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Some central bankers perhaps are not seeing growth as strong as the survey data suggest.
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