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Duty unbound: the January 6th hearings

The Intelligence from The Economist

The ECCB Waited Longer Than America and Britain to Raise Rates

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The e c b has multiple problems that it's trying to address at the moment. Got the high inflation, yes, but it also has the problem of rising spreads in bond markets. That is a perennial worry for the urizone. Is a threat, ultimately, to its financial stability and to the integrity of the currency area. And as had been long trailed, the e c b unveiled a new tool to buy bonds in indebted countries,. You know, reading between inds mostly, this is a tool designed to deal with italy. Legarde emphasized that there was no limit on the amount of bonds that the e cb could buy in order to keep spreads down.

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