Markets The ECB lowered the key policy rate by 25 bps to 2.75%. The fifth reduction was unanimous, widely expected and came with some minor tweaks to the statement. While inflation is converging to the 2% target, the ECB scratched the notion that domestic inflation is edging lower. Instead it now only states that it […]
Markets Core bonds are dropping at the start of the week and no one really knows why. It’s obviously not the constructive risk environment. European stocks shed about 1% at some point before paring losses to 0.5%. Wall Street opened marginally lower, be it near the record highs. There’s an interesting sectoral divide though with […]
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