DislikedWhilst I do expect a rate cut eventually, I don't think we'll get it today because I do believe that the ECB governing council is more concerned about fixing the breakdown in monetary policy transmission first. Of course I could be wrong, but for me it makes no sense to cut rates for the benefit of those countries who cannot benefit from it with a broken monetary policy transmission channel.Ignored
Ok, by the looks of it, it's because private banks lending rate is not correlated to the ECB rate given the current turmoil and peripheral yields