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"I believe we should continue to focus on ensuring the effectiveness of monetary policy," says...

"I believe we should continue to focus on ensuring the effectiveness of monetary policy," says the ECB's Peter Praet. "There is little margin of maneuver." The ECB's benchmark lending rate is 0.75% and the deposit rate is 0%, so "little margin" would seem self-evident; his remarks suggest maybe a rate cut in January, but little else.
Comments (1)
  • Even with a rate cut it wouldn't take away the pressure on the Euro by Greece, Spain en Italy.
    Germany is going for a Zero growth next year, they hope!
    France economy is doing about the same as Germany, maybe a small decline.
    The euro's coin is best priced between $ 1.25 and $ 1.2850.
    12 Dec 2012, 09:27 AM Reply Like
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