New data from the ECB strengthen the case for a rate cut as loans in the eurozone private sector...

|By:, SA News Editor

New data from the ECB strengthen the case for a rate cut as loans in the eurozone private sector fell 0.8% Y/Y in March. Maybe a bit of light - lending to nonfinancial firms rose for the first time since July, but the small increase followed huge declines in January and February. Separately, Pimco's Rich Clarida says the ECB will indeed cut rates next week. The euro (FXE) is flat, continuing its tight range over the past few days.