Inflation expectations have been crushed in a market gripped by virus fears. That gives rate-setters another reason to be decisive, writes swahapattanaik ReutersFlasseur
Brent crude futures fell 25% to below $34 a barrel on March 9 and were on track for their biggest daily decline since Jan. 17, 1991, when prices dropped at the start of the first Gulf War.
A key gauge of long-term euro zone inflation expectations, the five-year/five-year inflation forward, fell below 1% for the first time ever on March 9.
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