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ECB Caught Between a Rock and a Hard Place
European equity markets are expected to open relatively flat ahead of the ECB monetary policy announcement on Thursday, with investors appearing to opt for caution despite no new action being anticipated. The ECB finds itself between a rock and a hard place at the moment. Growth and inflation continues to elude the euro area and we’re likely to find out today, when the central bank releases its latest economic projections, that Brexit has only made that situation more dire, albeit potentially less so at this stage than many would have thought a couple of months ago. The problem is that not only is further action ... (full story)
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