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ECB Reopens Door to Fresh Rate Cuts
European Central Bank officials are treading a tortuous path on future interest-rate cuts, signaling they probably won't push rates further below zero--but still leaving wide open the possibility that they might. ECB President Mario Draghi surprised investors last week by saying he doesn't expect to cut rates again, shortly after unveiling a major new stimulus. His comments caused the euro to spike against the dollar after initially falling and sent financial markets sprawling after they initially surged in response to the stimulus. "A rate reduction remains in our armory," Mr. Praet said in an interview published ... (full story)
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- Mar 18, 2016 4:05pm Mar 18, 2016 4:05pm
- genierex
- Joined Feb 2015 | Status: Be very Realistic during trading | 60 Comments
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- Mar 19, 2016 11:58am Mar 19, 2016 11:58am
- Davit
- Joined Feb 2012 | Status: Member | 281 Comments
In trading, you have to be defensive and aggressive at the same time