The IFO survey hit a 14-year high...receding oil prices and an exchange rate that has stayed below the 1.20 figure for most of the month has buoyed business confidence in the region and bodes well for future prospects of growth in Q1. The news also helps to buttress the expected [European Central Bank] decision to raise rates to 2.5% at the upcoming March 8 meeting.
- Boris Schlossberg
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