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MNI INTERVIEW: US Soft Landing Key To ECB Easing

(MNI) LONDON

A flood of U.S. debt issuance is likely to put upward pressure on real rates, Bundesbank researcher Klaus Adam says.

The European Central Bank could cut interest rates sooner than it had expected unless a U.S. soft landing delays monetary easing, an advisor to the German central bank told MNI,

A decline in service price inflation from 4.6% in October to 4.0% in November indicates core prices may not prove as sticky as feared, as the ECB makes “promising” progress towards its 2% medium-term inflation target, Bundesbank research professor Klaus Adam said in an interview.

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The European Central Bank could cut interest rates sooner than it had expected unless a U.S. soft landing delays monetary easing, an advisor to the German central bank told MNI,

A decline in service price inflation from 4.6% in October to 4.0% in November indicates core prices may not prove as sticky as feared, as the ECB makes “promising” progress towards its 2% medium-term inflation target, Bundesbank research professor Klaus Adam said in an interview.

Keep reading...Show less