Back
14 Feb 2014
Flash: ECB expected to cut in March - BBH
FXStreet (Guatemala) - Global Currency Strategy Team at Brown Brothers Harriman explained that the euro's rise overstates the true case in Europe.
Key Quotes:
“Many observers remain convinced that the ECB policy when it meets in March. The focus is on a small (10 bp) cut in the repo rate from 25 bp."
“The bottom line is that financial and economic developments have been in the direction that will please officials”.
“The euro's rise to the upper end of the range seen thus far this year may be a bit disconcerting, but the bilateral strength overstates the true case. Policy makers are more concerned about euro on a trade-weighted basis. Here it is nearer the lower end of the range it has seen over the past three months”.
Key Quotes:
“Many observers remain convinced that the ECB policy when it meets in March. The focus is on a small (10 bp) cut in the repo rate from 25 bp."
“The bottom line is that financial and economic developments have been in the direction that will please officials”.
“The euro's rise to the upper end of the range seen thus far this year may be a bit disconcerting, but the bilateral strength overstates the true case. Policy makers are more concerned about euro on a trade-weighted basis. Here it is nearer the lower end of the range it has seen over the past three months”.