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Restive bond markets may complicate ECB's exit plans
Published Tue, Feb 20, 2018 · 09:50 PM
London
THE European Central Bank has its work cut out this year to make sure markets don't jump the gun on its policy normalisation.
Currency strength and a doubling of benchmark borrowing costs over just two months may be tightening euro zone financial conditions faster than the ECB would like, potentially jeopardising its timeline to exit stimulus.
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