Central Bank actions provide risk rally support

The risk rally continued this week after the ECB left interest rates unchanged at 1 per cent on Thursday.

12th February, 2012

The risk rally continued this week after the ECB left interest rates unchanged at 1 per cent on Thursday. President Draghi sounded slightly more upbeat on his assessment for the Eurozone economy stating that there were tentative signs of stabilisation from economic surveys but remained cautious about the prospects for growth.

President Draghi also promised relaxed rules for banks taking part in a long-term refinancing operation at the end of the month, boosting hopes that additional...

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