Stocks thus far show little reaction to the expected ECB lending rate cut. Less expected was the...


Stocks thus far show little reaction to the expected ECB lending rate cut. Less expected was the cut in the deposit rate to 0%, suggesting a move by the central bank to push away all the deposits hoarded there. The quick take is stocks could be disappointed at not getting more aggressive action from the ECB. Stoxx 50 +0.5%. The euro dives, -0.6% to $1.2459.
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Comments (2)
  • phdinsuntanning
    , contributor
    Comments (1346) | Send Message
     
    zero interest rates, how the hope the people save money in banks with this policy! they deserve to be as broke as they are
    5 Jul 2012, 01:04 PM Reply Like
  • WMARKW
    , contributor
    Comments (10786) | Send Message
     
    Can you say "Capital Destruction" ! Now virtually all major economies are locked into ZIRP, from which they will NEVER be able to return.
    5 Jul 2012, 01:44 PM Reply Like
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