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September ECB meeting preview: To pause or press on?
For the first time in a long while, the combination of a weak real economy and slowing underlying inflation has left investors unsure about tightening prospects at this week’s ECB meeting. Forecasters are quite evenly split over yet another rate hike or a pause and, indeed, just last week, the central bank governors from France, Germany, and the Netherlands all indicated that the decision was still up in the air. Consequently, whatever happens, financial markets are likely to react. On balance though, the market consensus seems to be leaning towards no change, bringing at least a temporary end to a policy cycle ... (full story)