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Yesterday in New York, Mario Draghi once again voiced the ECB stance that rate cuts were still very much on the table. You can read full story from Bloomberg (h/t Bud Spencer) shows it in a fuller light:
“The Governing Council has unanimously agreed to incorporate an easing bias that explicitly provides for further rate reductions, should the volatility in money market conditions return to the levels observed in early summer,”
Now although he’s attached caveats to cutting rates…
“The Governing Council has unanimously agreed to incorporate an easing bias that explicitly provides for further rate reductions, should the volatility in money market conditions return to the levels observed in early summer,”
Now although he’s attached caveats to cutting rates…