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16.06.2014 15:08:44
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ECB takes unprecedented action - QuickViews by Azad Zangana, European Economist and Gareth Isaac, Fund Manager, Fixed Income
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by Azad Zangana, European Economist In summary: � The policy measures announced today are helpful but do not significantly change the outlook for growth or inflation in the near future. � We disagree with the move to take the deposit rate into negative territory as this raises the funding costs for banks, which will either increase charges on savers or increase interest rates on borrowers. � Today's action shows that the ECB is aware of the rising risk of deflation, and is prepared to act in a targeted manner.
by Gareth Isaac, Fund Manager, Fixed Income In summary:
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