No, it did not surprise me that Mario Draghi, President of the European Central Bank (ECB) sounded rather hawkish at the important annual ECB meeting in Sintra (Portugal). His speech could be best interpreted as a clear signal that monetary policy in the Eurozone will soon be less expansionary.
That did not surprise me. Not because of Draghi´s eagerness to tighten monetary policy, but because I can very well imagine that more and more of his colleagues who are part of ECB board are beginning
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