European Central Bank Continues Carefully Along Its Rate Cut Path

Summary The European Central Bank (ECB) delivered a widely expected 25 bps cut to its Deposit Rate to 3.50% at today’s monetary policy announcement, but remained relatively cautious about the pace of future easing. The ECB said domestic inflation and wages are elevated, but that labor cost pressures are moderating. The ECB was also guarded […]

The post European Central Bank Continues Carefully Along Its Rate Cut Path appeared first on Action Forex.