Draghi's Guidance not Strong Enough

by Ashraf Laidi

Jan 9, 2014 17:56

Euro is dragged down after Draghi said the ECB “strongly emphasizes” its “accommodative stance on monetary policy”. But Draghi also downplayed speculation of a near-term rate cut, by associating the latest slowdown in December Eurozone inflation to temporary seasonal factors in Germany.  The ECB is neither ready to cut rates again, nor it will signal...full article & chart

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