Morning Bid: ECB's last easy decision [Yahoo! Finance]
RECKITT BENCKISR GP S/ADR (RBGLY)
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Source: Yahoo! Finance
As trade tensions simmer and investors contend with Germany ripping up its fiscal rulebook, the European Central Bank is widely expected to cut interest rates again on Thursday but what comes next remains up in the air. The ECB has cut rates five times since June as inflation retreated and economic growth faltered. But with rates slowly approaching a level that no longer restricts economic growth, one might expect an end to the easing cycle. That may not be the case here, though, as the spectre of a trade war with the United States looms large. Also clouding the near-term outlook are announcements by Germany and the European Commission on changes to fiscal rules, to allow higher defence and infrastructure spending. All eyes will be on the ECB
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