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Why investors can’t afford to sleep through this week’s ECB meeting
Nobody expects any policy changes when European Central Bank big shots meet Thursday, but Christine Lagarde could still drop some worthwhile hints about the path ahead. Indeed, economists at Bank of America contend market participants have largely ignored relatively hawkish minutes from the ECB’s December meeting, which showed worries among some officials over the potential adverse side effects of negative interest rates, and could get caught snoozing as they look ahead to the launch of central bank’s strategic review. Confidence in the region’s outlook was already improving in December, before the U.S.-China ... (full story)