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Accounts Provide Little New Over and Above February Press Conference

ECB

ECB Accounts provide little new over and above the February press conference with Lagarde:

  • As markets were seemingly discounting these risks to the inflation outlook, [Investors] also questioned whether the ECB would keep rates in restrictive territory for a sustained period.
  • Given that investors expected a fast and sustained return of inflation to 2%, they expected policy rates to remain at a restrictive level for only a short period of time.
Full accounts release at this link.

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