By Claus Vistesen
It seems that JCT today showed that he and the ECB are not completely blind and deaf when it comes to the reality of a stronger currency in a world where everyone is scrambling to devalue.
As I have noted before, stranger things have happened than the ECB raising rates into a an impending downturn, but it seems that the ECB has lifted off a little bit in terms of the vigilance against inflation.