Euroland: ECB to ease faster and more
We have changed our interest rate projection for the ECB. We are now looking for it to lower the key lending rate by 50 bp in November 2008 and by a further 25 bp in each of January, March and June 2009. Previously we expected the ECB to lower rates by 25 bp in December 2008 and by a further 25 bp in both February and April 2009, and stated the risk of a further 25 bp rate cut by June. The precise timing of the rate changes is difficult to determine, and in these turbulent times timing is
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Euroland: ECB to ease faster and more
We have changed our interest rate projection for the ECB. We are now looking for it to lower the key lending rate by 50 bp in November 2008 and by a further 25 bp in each of January, March and June 2009. Previously we expected the ECB to lower rates by 25 bp in December 2008 and by a further 25 bp in both February and April 2009, and stated the risk of a further 25 bp rate cut by June. The precise timing of the rate changes is difficult to determine, and in these turbulent times timing is
No comments