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ECB sowing messy ‘some of what it takes’ signal: Mike Dolan

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Reuters UK

By Mike Dolan PARIS (Reuters) – The European Central Bank’s ‘whatever it takes’ commitment to bind the euro zone is wearing thin as it tries to ‘normalise’ monetary policy and give inflation hawks more say in how it goes about it. Warning that inflation is unacceptably high and that it would remain above the 2% target over a three-year forecast horizon, the ECB on Thursday flagged a first interest rate rise in more than 10 years next month, after the end of new purchases on its long-running bond-buying programme from July 1. Although ECB chief Christine Lagarde stressed that the central bank w…

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