- At today’s press conference, the ECB's Governing Council opened the door to a rate cut should the Euro area economy show further signs of weakening. Whether rates will indeed be cut at the May meeting therefore depends, we think, on how the data pan out over the next month.
- This follows the ECB President press conference in which he was more dovish than expected and hence prompted upside in Euribor across the strip.
Print 18:55, 04 Apr 2013 - Economic commentary - Source: Zerohedge
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