Good morning. The European Central Bank is clearly going to need to get far more aggressive in its easing campaign as the continental economy, led by the underperformance of Germany and France, slips back into pull of recession’s gravity. The ECB should now consider a 50-basis point cut at its next ... READ MORE >
ECB
Global central bank policy pivot continues as ECB cuts rate
The European Central Bank reduced its policy rate by 25 basis points on Thursday which, following the 25 basis-point rate reduction by the Bank of Canada on Wednesday, represents the first in what we expect will be a series of rate cuts by the G7 central banks this year. The moves in Europe and Canada ... READ MORE >