Industry commentators have warned the European Central Bank (ECB) will not be able to normalise monetary policy next year despite market expectations of an interest rate hike in September 2019.
On 26 November, ECB President Mario Draghi said the Bank was still planning to halt its €2.5trn bond-buying programme at the end of the year despite "somewhat weaker than expected" eurozone growth. ...
The US dollar is close to peaking and the risks now seem to be on the downside.
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