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We Have Entered a Money-Burning Trap, only Now Can the Big Four Intervene
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The four major central banks – the European Central Bank, the Federal Reserve, the Bank of England and the Bank of Japan – all left their key interest rates unchanged in April, but radically different monetary policy situations lie behind the interest rate hikes, BNP Paribas wrote in its May analysis. The bank’s base scenario considers three 25 basis point interest rate hikes likely in June: in the eurozone, the United Kingdom and Japan, while t…
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