The ECB’s Throuple… Or Trouble? By Bas Van Geffen, senior macro strategist of Rabobank The accounts of the July ECB meeting noted that September “was widely seen as a good time to re-evaluate” the level of monetary policy restriction. But caution remains the key word. In fact, it appeared six times throughout the accounts of the deliberations. The Governing Council agreed that the triangular relationship between wages, productivity, and profits is key for the inflation outlook – but is it a happy throuple? Yesterday’s data releases brought policymakers some good news, but also some things to worry about. The latest… — Continue at ZeroHedge News : Read More
