Is 25 the Answer to the Inflation Problem?

The ECB did go 50 basis points and EY has made this point a number of times. I was shocked and actually impressed by Christine Lagarde last week. Despite the fact that the data seems to be working in their favor, they are still light years away from where they need to be. Any inclination that the market will take that these guys and gals are taking the foot off the pedal is just going to come back in spades.

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