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ECB Defies Global Peer Pressure After Fed-Led Tightening

  • Frankfurt rate policy is far from following rest of the world
  • ECB is only G-10 member not to have hiked aside from BOJ, SNB
The European Central Bank (ECB) headquarters in Frankfurt.

The European Central Bank (ECB) headquarters in Frankfurt.

Photographer: Alex Kraus/Bloomberg
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The European Central Bank’s go-slow approach to starting interest-rate hikes is looking ever bolder at a time when most of its counterparts are tightening vigorously.