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Commodity slide makes mockery of Draghi's Jackson Hole speech

Mr Draghi's preferred gauge for inflation expectations - the five-year, five-year forward inflation swap rate - has collapsed since his speech last August


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...

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