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ECB’s Nagel says confident inflation will return to 2% target by mid-year

  • I am confident inflation will return to 2% target by middle of the year
  • Mainly because wage momentum is normalising
  • Also because economic developments in Europe remain subdued

The narrative today is just to say anything to sell the story of back-to-back rate cuts in January and March.

This article was written by Justin Low at www.forexlive.com.

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