Market Comment | The additional ECB measures surpassed market expectations

Summary

The additional ECB measures surpassed market expectations. The ECB’s Governing Council (GC) cut rates and announced further non-conventional measures in order to counteract heightened risks to the ECB´s price stability objective. In particular, the GC decided: i) to cut the main policy rate by 5 bps to 0.0%, a historic low, the deposit facility rate […]

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