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ECB's Lane: The argument for a 50 bps cut was to show that we are no longer constrained


  • Forward rate curve shows further rate cuts needed to meet 2% target

Well, they removed the wording that rates were “sufficiently restrictive” after their policy decision last week here. That's even how they settled on a 25 bps rate cut, instead of a 50 bps move.

This article was written by Justin Low at www.forexlive.com.



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