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Australia’s latest economic data were supposed to answer one question: has April’s oil shock weakened the economy enough to keep the Reserve Bank of Australia comfortably on hold? Instead, they delivered a more complicated answer. Read more…
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European Central Bank Executive Board member Isabel Schnabel reinforced the ECB’s hawkish stance on Thursday, arguing that the recent ceasefire in the Middle East does not diminish the need for further policy tightening. “The ceasefire Read more…