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Financial Times/Martin Arnold
“The day after Christine Lagarde presents the European Central Bank’s latest monetary policy decision on Thursday, new figures are expected to show the eurozone sank into its third consecutive month of deflation — something it has done only twice before.”
USAGOLD note: One big bank economist asks the question of the moment: “Is monetary policy even working at this stage?”
Eurozone consumer prices
Chart courtesy of TradingEcononics.com • • • Click to enlarge
Repost from 10-28-2020
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