Great expectations |
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Central bankers and markets have shifted their focus squarely on inflation risks. The ECB is about to turn words into actions; Fed officials came out in force to stress their determination to keep inflation expectations in check; the Bank of England has adopted a more hawkish stance and the Bank of Canada yesterday declined to validate market expectations of a rate cut. Financial markets are now pricing in a rather aggressive tightening in the Eurozone, US and UK. Are central banks' concerns
Filed under: Fundamental
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