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3 Numbers: ECB likely to seek solid inflation proof before tightening
Monetary policy is front and centre today with the European Central Bank’s monthly policy announcement and press conference on tap. Later, two US numbers will shed more light on the outlook for the economy: the weekly jobless claims update and housing starts for December. Eurozone: European Central Bank Announcement (1245 GMT) and Press Conference (1330 GMT) The recent jump in inflation and growth expectations point to interest-rate hikes and winding down the quantitative easing program in Europe. The mystery is when the central bank decides to pull the trigger. Today? Unlikely. Economists expect that the European ... (full story)