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Business leaders left in limbo by rate hike impact lag

AIX-EN-PROVENCE, France, July 9 (Reuters) - An unusually long lag in the time interest rate hikes are taking to feed through to the economy has left corporate leaders guessing whether to prepare for a hard or soft landing.Although central banks in the United States and Europe have raised interest rates at the fastest pace in decades in an effort to tame inflation, most economies have so far escaped the painful recessions triggered by previous tightening cycles.For corporate leaders at a weekend economics conference in the southern French town of Aix-en-Provence,...
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