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Interesting comment from ECB Praet's speech.....>

ECB
ECB: Interesting comment from ECB Praet's speech on changes to policy:
- "In the absence of perfect or complete knowledge about the way market
participants will react to the announcement of monetary policy adjustments, and
about the way those uncertain reactions will transmit to our objective, it may
be optimal to adjust policy more cautiously and in smaller steps than if we had
perfect knowledge."

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