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UBS says its way too early to begin talking about European Central Bank interest rate cuts
UBS describe the rate decision from the ECB meeting on Thursday as a non-event. Highlights from the note:the remarks following emphasised again the dour state of the euro area economyLagarde pointed to the need for steady policythe Bank is data-dependentinflation outlook will be closely observed (UBS add that the CPI print due on October 31 is the next major data point)Earlier re EUR & the ECB:Deutsche Bank forecasting a German double-dip recession. HSBC target EUR/USD towards 1.02Goldman Sachs...
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Posted: Oct 26 2023, 23:49
Author Name: forexlive
Views: 112134