The ECB pulls the trigger and leaves the door open – Credit Suisse research
Against the low inflation backdrop, the ECB kept the downward bias to its forward guidance, Credit Suisse’s Economics Research analysts say.
Following the unexpected announcement of the ECB cutting interest rates to 0.25% from 0.50%, Credit Suisse’s Economics Research team noticed that president Mario Draghi continues to distinguish himself from his predecessor Trichet who liked to prepare the ground before announcement.
“Draghi instead prefers to act and the majority was behind him even if it not all wanted to cut already now but wanted to wait for some more data and then decide at the December meeting,” the report said.
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