Not for the first time, the market is in need of a re-think on the single currency. I alluded to this at the start of the week (see “The euro dilemma”) for two reasons. Firstly, the backdrop was becoming less negative for the currency. Secondly, as we suggested ahead of the move, a cut in the refinancing rate was the least effective option available to the ECB.
13/11/13 @ 14:35 GMT by Simon Smith, Chief Economist
23/10/2013 @ 14:04 GMT
20/09/2013 @ 12:33 GMT
30/08/2013 @ 12:43 GMT
23/08/2013 @ 12:34 GMT
20/08/2013 @ 12:46 GMT
22/07/2013 @ 07:10 GMT
21/06/2013 @ 12:35 GMT
07/06/2013 @ 12:35 GMT
29/05/2013 @ 14:05 GMT
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