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We Called It! ECB Rate Cut

Thomson Reuters, April 2, 2009

“FRANKFURT (Reuters) - The European Central Bank cut its main refinancing rate by 25 basis points to 1.25 percent on Thursday, disappointing analysts who had expected a larger cut. Economists had widely expected a cut of 50 basis points, and only 6 of 78 said in a Reuters poll they saw the ECB cutting rates by 25 basis points.”

Mukund Multani @ Seeking Alpha - March 25, 2009

“Trichet really doesn’t think that the economies of the Euro-zone need as drastic rate cuts as those in the United States and the UK, and he will be careful not to loosen policy too much so as to create a host of other problems.”

“..the ECB instead is playing cat and mouse with fiscal policy.”

“…I’ll even roll the dice and say that the cut (in keeping with the cautious intervention approach) will be a further 25 basis points.”