Lagarde Q&A: All the data is headed in the same direction ...Middle East

The disinflation process is well on trackThis decision is an example of data dependenceEconomic activity has come in below what we anticipatedDecember will be another opportunity to put the information in our modelWhat was debated was 25 basis points, end of story (not 50 bps)Decision to cut 25 bps was unanimous Lagarde has mentioned soft PMI survey 4-5 times in a clear indication they're worried about growth. This article was written by Adam Button at www.forexlive.com.

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