DB’s Jim Reid has published a remarkable observation in his “chart of the day” note, one which suggests that at least for the ECB, the price of oil – with its widespread social, financial and economic implications – may be all that matters.
As Reid writes, “the financial world is trying to work out what the implications are for the energy price shocks we are seeing and whether central banks should tighten policy as a result or keep policy loose to reflect possible demand destruction that it might eventually bring.” In response, ECB President Lagarde yesterday warned that the “key […]
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