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Will the divided ECB underdeliver?
video The main event next week will be the European Central Bank (ECB) policy meeting, where markets are pricing in a 90% probability for a rate cut even though economists forecast no action. It’s a close call, but the fragmented ECB may opt for more targeted lending measures to shield the economy from the virus fallout, not a rate cut. There’s also a raft of economic data coming up, alongside the UK government budget. All told, markets will continue to dance to the tune of news about the virus. ECB meeting: Targeted action, not blanket cuts After the American, Canadian, and Australian central banks all slashed ... (full story)