ECB To Cut Refi Rates Further; Stay Bearish EUR/USD

While the latest European PMIs have continued to show some signs of stabilization, these readings remain below the 50 boom/bust level, and the debate regarding ECB policy has gained renewed momentum. The discussion of negative (depo) rates has also intensified once again as a result of the decline…

Excerpt from:
ECB To Cut Refi Rates Further; Stay Bearish EUR/USD – Morgan Stanley

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