Macroeconomics

The financial community watched with interest the meeting of the European Central Bank last week, waiting for decisions regarding interest rates. Despite the low inflation and the strong euro, the bank did not lower rates and the euro, which had been pushed close to 1.40 to the dollar, fell back to the levels which we had seen for weeks - around 1.38. Observers must now work out what the bet is going to be for the coming weeks and into the summer.

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