Even if it doesn't work, it won't hurt - Financial Markets Outlook
Amsterdam, 12/01/2008Looking back at recent ECB policymaking, we can add a new dimension to central banking: the circus act of central banking.
Eurozone central bankers have been high wire artists, tumbling from one balancing act to the other. Judging from recent statements, the ECB will want to keep some powder dry at next week’s meeting. Although there is increasingly compelling evidence for a 75bp cut, the most likely outcome in our view is still a cut of 50bp.
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