DislikedIn order to answer that question, one has to understand yesterday's move. To put it simply, I don't understand it at all. Draghi said he's not doing any more to help the economy and it is now up to the politicians to sort it out. Okay, I understand that implies there will be no rate cut, but I hardly see why that would be positive for the mid term outlook of the EZ economies. Whilst Draghi did say that the ECB expects the economy to start improving this year, he also said that there are still significant downside risks. Even if it is only a rate...Ignored
I think the market was expecting a rte cut and when they didn't get it, BOOM... Remember that Draghi did hint at cuts last month and he has made a 180 turn
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