Draghi’s words mean little to European markets expecting action
Debt and money markets are readying for a cut to the European Central Bank’s deposit rate, regardless of what its policy makers say in public
Debt and money markets are readying for a cut to the European Central Bank’s deposit rate, regardless of what its policy makers say in public.
Traders are pricing in a possible reduction to the rate for holding overnight deposits, said UBS and Barclays. ECB officials have declared it’s too early to expand stimulus and ECB President Mario Draghi said more than a year ago that rates have reached their nadir. Economists predict changes...
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