Thursday, April 10, 2014
THE DRAG MAY BE OVER
Some observers seem to believe Mario Draghi, the would-be EU's answer to the U.S.'s Ben Bernanke, looks as if he's about to quit dragging his monetary-policy feet and cause if he can a little inflation in the EU zone.
EU area inflation is the weakest its been in four years increasing year-over-year in March just 0.5%, hardly enough to ward off all the concerns there about more deflation. So when is when, this June some are saying, the head of the ECB will ply his hoped-for monetary magic.
The longer this drags on, however, the more heat Draghi and his merry band of central bankers can expect.
http://www.bloomberg.com/news/2014-04-09/draghi-seen-easing-policy-by-june-as-ecb-readies-rate-cut.html
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