Monetarists Accuse ECB of "Dangerous Game of Chicken"; The REAL Dangerous Game
MishTalk
FEBRUARY 6, 2014
In addition to holding its benchmark rate at 0.25%, the ECB also left the rate it pays on bank deposits unchanged at zero. At a press conference to explain the ECB''s latest decision, Mr Draghi said: "There is going to be a low level of inflation for a protracted period of time, but deflation? The question is - is there deflation?
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