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ECB Unity on Policy Path Is Fraying as Recession Danger Mounts

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Just as the Federal Reserve remains fully focused on combating untamed US inflation pressures, hawkish ECB policy makers appear similarly determined to extend the most drastic tightening in euro-zone history well into 2023, complementing interest-rate increases with a prompt start to shrinking their €8.8 trillion-euro ($8.6 trillion) balance sheet. 



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