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ECB’s Nagel: Closer we get to the neutral rate, the more appropriate for gradual approach

ECBs Nagel:

  • The closer we get to the neutral rate the more appropriate for a gradual approach.
  • The limits of the neutral rate concept are clear, risky to base policy decisions mainly on R-star estimates.

This article was written by Greg Michalowski at www.forexlive.com.

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