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Will The ECB Warn Against EUR Strength at Jackson Hole?
ECB To Verbally Intervene at Jackson Hole Symposium? The Jackson Hole Symposium later this month could be the time at which the ECB opts to do this. However, it is important to point out that the current fundamental environment is different to September 2015 when Draghi verbally intervened. At that time, global growth was weakening, commodity prices were declining and capital outflows from China were in danger of forcing an unwanted deleveraging. If the ECB does verbally intervene this time it will be more about buying time than effecting fundamental change in its current policy approach – as outlined by Draghi at ... (full story)
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