Discuss the importance of being data dependent in the context of interest rate normalization.
ECB Focused on Scale, Timing of Normalization: Economist Lane
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The transcript discusses the European Central Bank's (ECB) monetary policy changes, focusing on data dependency, asset purchase scaling, and interest rate normalization. It highlights the challenges of high inflation and economic uncertainty, emphasizing the need for a prudent approach to monetary policy normalization.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What does the text suggest about the future of the deposit rate?
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