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ECB Cuts 0.25%, Less Than Expected

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 2, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The ECB reduced the Minimum Bid Rate to 1.25%, even though that market expected a 50 basis point cut. In the current rate cut cycle, the ECB has reduced the key interest rate by 300 basis points, down from 4.25%.The market will now shift its focus to Mr. Trichet’s press...

    complete article here...

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