I think most were surprised by the 25 basis point interest rate cut down to 0.25%. The Eurozone is facing more of a deflationary environment than an inflationary at the moment so I assume they felt the comfort of it. I am glad that the ECB does not want to make the same mistake as Japan and the US have done and print money in order to artificially create something.
I am not saying that the ECB has taken the right steps and is a great central bank, but if I have to compare the ECB with the US Fed then they are far superior in my opinion.
Either way, the interest rate cut by the ECB plus the NFP report did create some nice trading opportunities (short-term as well as long-term).
I am not saying that the ECB has taken the right steps and is a great central bank, but if I have to compare the ECB with the US Fed then they are far superior in my opinion.
Either way, the interest rate cut by the ECB plus the NFP report did create some nice trading opportunities (short-term as well as long-term).
