ECB Has No ‘Smoking Gun’ To Act On Rates To Stop The Euro Rise

The smoking gun is a demonstration that what happened for instance on the exchange rate front would have an effective impact on soft data, on the PMIs, and on the data flow that would usually drive the ECB decision. I think the ECB is putting itself in a situation where they need to finetune their…

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ECB Has No ‘Smoking Gun’ To Act On Rates To Stop The Euro Rise – Deutsche Bank

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