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Faster ECB money-printing excites investors
The European Central Bank will accelerate the pace of money printing to buy government bonds over the next two months, one of its top officials said, while voicing concern about recent swings on bond markets. The comments from Benoit Coeure, initially made in private on Monday at a conference attended by one of Britain's richest hedge fund managers Alan Howard, some of his peers and academics, sent markets into a flurry when they were published on Tuesday. Anticipating a flood of yet more euros onto the market, the single currency tumbled when the ECB released its Executive Board member's remarks, sending European ... (full story)
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