“It seems the Hawkish outlook stems from a leak out of the ECB Governing Group that the meeting had experienced dissonance about the slow pace of changing monetary policy. If Lagarde is suffering the slings and errors of the hard money members look for the GOLD to gain against all fiat currencies for the issue going forward will be CENTRAL BANK CREDIBILITY. Sorry, ZERO RATES at the time of 5% headline inflation is just not monetary stridency.”

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