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ECB Omits Guidance That Rates May Be Cut Further
In a widely expected move that will nevertheless be parsed to death, the ECB has omitted guidance that rates may be cut further.
ECB OMITS GUIDANCE THAT INTEREST RATES MIGHT BE CUT AGAIN
They're now going with this more "hawkish" assessment: "We expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases."
There were of course no actual changes to policy:
European Central Bank confirms asset purchase program a
