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Again, economic statecraft eclipses the market’s desire to just talk economic policy. While none of the big central bank decisions yesterday produced headline surprises (the BOC cut 25bps, the Fed held, and the BCB raised 100bps), statecraft was deeply entwined in what they said.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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