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Flash: Deflation edging closer for ECB? – Investec

FXstreet.com (London) – Investec bank research offered their concerns for the Euro.

Key Quotes:

“Deflation is a word that scares all central bankers and economists and if Germany is edging towards it then we don’t hold out much hope for the rest of Europe”.

“The closer they edge to deflation, the more likely further easing will come from the ECB and as a result we would expect that this will eventually begin to hurt the single currency”.
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