As expected - the counter.
ECB’s Praet plays down rate cut odds
Written by Jamie Coleman
December 11, 2012 at 17:35 GMT
Not much room for maneuver on ECB rates, he said in a WSJ interview Officials “must be careful” with negative rates ECB doesn’t need new tools, for now Interest rates not the main issue.
The market fell to 1.2880 on the idea of negative deposit rates late last week. Praet sounds very reluctant to go down that road. Better to wait for a full-blown crisis.
ECB’s Praet plays down rate cut odds
Written by Jamie Coleman
December 11, 2012 at 17:35 GMT
Not much room for maneuver on ECB rates, he said in a WSJ interview Officials “must be careful” with negative rates ECB doesn’t need new tools, for now Interest rates not the main issue.
The market fell to 1.2880 on the idea of negative deposit rates late last week. Praet sounds very reluctant to go down that road. Better to wait for a full-blown crisis.