Unanimous uncertainty
NAB Morning Call
00:00
The ECB's Fear of Inflation
The ECB is expected to raise interest rates tonight, even though they are technically in recession. If that inflation expectation is too high, then we're going to see that translate into higher wages. All lies are going to be on what Christine Lagales has to say on the press conference. I just don't think that the ECB and particularly Lagarde are at the point where they're comfortable that they've done enough.
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