Weekly Focus – ECB Delivers a Lot of Words and Little Guidance

ECB’s widely anticipated 25bp rate cut did not end up rocking the markets, as Lagarde delivered little concrete guidance on what the central banks’ next steps will be. Markets saw her remarks slightly on the dovish side, as she noted inflation risks ‘may’ be slightly tilted to the downside. Over the past weeks, continuing weakness in PMIs, […]

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