CAMBRIDGE: Europe is on an upswing in growth and euphoria. But how long can this last? Showing the nervousness to be expected of a new recruit, the European Central Bank (ECB) has already fired a premature shot at the still hidden figure of inflation. Will it wait for inflation to really show before firing another volley? Or will the ECB empty its guns at the first rumblings of a stronger business cycle, fearful of accusations of running from battle or of being caught of guard.
CAMBRIDGE: Europe is on an upswing in growth and euphoria. But how long can this last? Showing the nervousness to be expected of a new recruit, the European Central Bank (ECB) has already fired a premature shot at the still hidden figure of inflation. Will it wait for inflation to really show before firing another volley? Or will the ECB empty its guns at the first rumblings of a stronger business cycle, fearful of accusations of running from battle or of being caught of guard.