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4 Sep 2014
ECB unexpectedly cuts rates - ING
FXStreet (Łódź) - Carsten Brzeski from ING wonders if it is "the start of Draghi’s helicopter", following the unexpected announcement of ECB's decision to cut rates in September.
Key quotes
"The ECB just announced a rate cut by 10bp, lowering the refi rate to 0.05%, from 0.15%."
"Both the marginal lending rate and the deposit rate were also cut by 10bp."
"At 2.30 pm CET, we will know whether this was the prelude to another monetary policy fireworks or just the easiest way out to prevent QE without a loss of face."
Key quotes
"The ECB just announced a rate cut by 10bp, lowering the refi rate to 0.05%, from 0.15%."
"Both the marginal lending rate and the deposit rate were also cut by 10bp."
"At 2.30 pm CET, we will know whether this was the prelude to another monetary policy fireworks or just the easiest way out to prevent QE without a loss of face."