EUR
ECB’s representative Villeroy had mentioned in his interview to Reuters that the future of monetary policy depends on the duration of economic recession in the region. The terms on rates hike depend on the duration and scales of the recession within the monetary union.
Germany’s economic stagnation in the fourth quarter of 2018 was underlined within the BuBa Monthly Report. The weakness of German economy may be even wider and longer than expected previously.
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