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Unanimous uncertainty

NAB Morning Call

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Why Central Banks Shouldn't Just Get on With It

Lewis: The message from all of this, is that we're not done yet on this story. He says it takes longer than you think to engineer material disinflation and potentially risks more collateral damage at the beginning of the cycle. And so maybe markets are starting to fret a little bit more about a deeper slowdown than perhaps is priced in., he adds. Lewis: I guess the outlook for demand is broadly uncertain given that central banks are not giving up anytime soon.

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