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Fed and ECB Policies Intertwined

Fed and ECB Policies Intertwined

4 Years ago | September 11, 2016 00:00:00

John M. Bland, MBA

ECB Disappoints
It is not often that the policy decision of the ECB every six weeks or so impacts global financial markets, but such was the case on Thursday September 8. With the Eurozone economy growing slowly, many were expecting the central bank to do more to stimulate growth. Since it is increasingly being accepted that negative interest rates do not provide the stimulus that in theory economists felt they would, no reduction (more negative) cut in interest rates was expected. Many had been hoping that

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