Archive - Dec 3, 2010
ECB extends full allotment and continues SMP as euro rallies on ECB periphery bond purchases and growth-driven USD weakness
Submitted by naufalsanaullah on 12/03/2010 02:47 -0500The ECB voted to keep rates at 100bps today, as expected, but did little beyond that as it became clear that Frankfurt is still backtracking from its “exit strategy” rhetoric from a couple months ago, rather than transitioning from planned exit to future expansion in one fell swoop.
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