A rate-hike response by the ECB would not have achieved much [and would have been] counter-productive in slowing European growth.
I don't think the ECB will cut rates today simply because they're still trying to get a grasp on what happenings in the EMU economy and secondly because the softer euro is doing some of the policy relaxation for them.
The problem is that the markets were so pessimistic at the start of the year that they now risk overshooting in the other direction. If these [heightened] expectations take hold, there is a danger that they could push up the euro too fast.
There is clearly more tightening just around the corner.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.