By David Barwick – FRANKFURT (Econostream) – After ascertaining on 01 August that the option of a pause at the 14 September meeting of the European Central Bank Governing Council had taken an early lead versus the lone alternative of yet another hike, we observe today that little has changed about this, which is not surprising, given that it also remains the case that monetary policy is still subject to the summer lull, leaving public pronouncements rare.
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