FOR the first time in a generation, hawkish officials are taking control of the European Central Bank’s( ECB) steering wheel. What began as a lone push by Klaas Knot of the Netherlands little more than three weeks ago – to consider a half-point interest-rate hike – has morphed into a whole new campaign of monetary tightening for the eurozone, as unveiled by president Christine Lagarde on Thursday. Short of immediate action, the combination of an imminent end to bond purchases and promises of two
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2022-06-11 00:00:00.0