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Economists Wonder: Is the ECB About to Make a Policy Error?

  • Euro-zone watchers see undershoot of 2% goal in next two years
  • Some warn of misstep, others doubt a hike will materialize

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The European Central Bank is moving toward interest-rate increases that could take effect just as inflation drops down to below its 2% goal, according to economist forecasts that hint at the possibility of a policy mistake.