These are the sort of numbers that should give extra leverage to the ECB (European Central Bank) to keep pressing rates higher, but we still believe the benign inflation picture will force them to adopt a softly, softly approach to tightening this year.
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I gave it much thought and, believe me, much prayer. I was a young married man and a father. I realized this was something powerful.
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If anecdotal sector estimates about a very poor Christmas shopping season prove correct, the Bank of England will have to pull the stops out again for lower rates.
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