- ECB declined to comment.
- Sources say there is a possibility of a reduction early next year if the economy doesn't pick up according to three official sources.
- Yesterday ECB president Draghi said that a rate cut had been discussed but did not imply how many officials were in favour of a cut to rates. This source comment suggests a large portion were in favour of a cut to the refi rate, therefore implying a rate cut in the near future is possible.
- In reaction to this headline Mar Euribor immediately moved higher from 99.86+ to 99.88.
- EUR/USD fell from 20 pips from 1.2920 to 1.2900.
- Bund futures climbed 10 ticks from 145.64 to 145.74.
Print 12:42, 07 Dec 2012 - Economic commentary - Source: Newswires
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