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Momentum is building for the ECB to cut rates 25 basis points at its meeting next week, reports...

Momentum is building for the ECB to cut rates 25 basis points at its meeting next week, reports Reuters, citing senior sources at the central bank. The meeting is taking place away from the bank's Frankfurt home and the ECB rarely moves at away games, but recent data paint a bleak enough picture for action, says one official. The euro (FXE) is flat and buying $1.3019.
Comments (2)
  • This is just plain wrong. They should try more austerity instead.
    24 Apr 2013, 09:01 AM Reply Like
  • Time to buy puts on FXE?
    24 Apr 2013, 09:29 AM Reply Like
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