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“The European Central Bank will stand still and take time in the face of developments in the war between Russia and Ukraine, it cannot afford to make a mistake”. Richard Woolnough has no doubts: central bankers will end up ignoring inflation in the euro area that jumped to 5.8% and at the meeting on 10 March they will avoid taking the expected step forward on the road to normalization of monetary policy, at least until you understand the turn that the conflict will take and above all …