Euro-Area Inflation Downgrade Backs ECB’s Ultra-Slow Exit

Euro-Area Inflation Downgrade Backs ECB’s Ultra-Slow Exit

Investors primed for the European Central Bank’s next policy shift were given clear signals on Friday that any change is far from imminent. An unexpected downward revision to euro-area inflation and a softening in labor costs came just hours after ECB chief economist Peter Praet opposed any early…

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