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Commodity slide makes mockery of Draghi's Jackson Hole speech
Published Thu, Aug 27, 2015 · 09:50 PM
Edinburgh
MARIO Draghi's speech at Jackson Hole last year was meant to be a turning point in the European Central Bank's battle to boost inflation.
What the central bank chief didn't count on was a collapse in commodity prices that has since pushed bond investors' inflation expectations even lower than when he signalled a move toward quantitative easing.
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