Market Comment | ECB actions disappoint dovish markets

Summary

  ECB 3 December meeting. At today’s monetary policy meeting the ECB Governing Council (GC) decided to cut the deposit facility rate by 10bp to -0.30%, a historical low. The GC maintained both the main refinancing rate at 0.05% and the marginal lending at 0.30%, thus leaving an asymmetric corridor for interest rates. As regards non-standard […]

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