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An opinion piece by JPMorgan's head of western European economics argues the ECB's strategy review missed a chance to address persistent inflation undershoot. It says the central bank has tools to return inflation to target but has not used them.
Persistent undershoot points to a longer period of low euro-area rates and a weaker euro outlook. This is an analytical view with little immediate effect on feed commodity prices.
ft.comMalcolm BarrJul 22, 2021After 1,108 past macro events, Euro (USD per EUR) moved a median -0.1% over 5 sessions (46% higher; middle half -0.7% to +0.6%), and -0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
