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‘Wide Open’
The July ECB meeting was a non-event. I know everyone was on tenterhooks.
That latter bit's sarcasm. I doubt seriously there's a single reader who cared anything at all about Thursday's policy decision in Frankfurt.
There was no chance of a July move from Christine Lagarde and co., who braved a cautious first rate cut just a few weeks ago at the June policy gathering. The bank's widely expected to cut again in September.
The new statement retained a cautious tone on inflation. Current policy
