ECB: Is The Strong Euro Becoming A Problem By SaltMarsh Economics After easing policy by 200bp since last June, the ECB left interest rates unchanged this week. At 2%, the Deposit rates is squarely in the middle of its 1.5% to 2.5% neutral range – judged to be neither overly restrictive, nor clearly accommodative – which gives the Governing Council an opportunity to pause for breath and then revisit the state of play on 11 September. Of course, as Lagarde repeated several times during her latest press conference, the economic environment at the moment is “exceptionally uncertain” and will remain… — Continue at ZeroHedge News : Read More
