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UBS On-Air: Paul Donovan Daily Audio 'Real world spending power and soft landings'
Published 1 year, 4 months ago
Description
The European Central Bank is expected to ease rates a quarter point today, as it continues its policy of following inflation lower. Seen over a proper time frame this is not properly a stimulus, as it is more focused on stabilizing real rates. Lagarde’s press conference will hopefully signal a steady pace of rate cuts to come.