ECB decision not to cut was about optics

Author: Adam Button | Category: Central Banks

Author: Adam Button

Bloomberg says it has spoken to three ECB officials:

Rates were kept on hold because of concerns about the negative signal a cut might send in conjunction with the significant downward revisions to the ECB’s growth and inflation forecasts, the officials said on condition of anonymity.

To me, that detail makes a cut in January more likely.

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