ECB Watch: ”ECB on a wait-and-see stance.”
Published on Thursday, March 8, 2012
ECB Watch: ”ECB on a wait-and-see stance.”
Summary
The less dovish tone further lowers the probability of another rate cut. The two 3y LTROs were labelled by Draghi as an “unquestionable success�. Still downside risks on activity...
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BBVA Research
BBVA Research