ECB, BoE leave rates unchanged
MARKET VOICE
It seems like only yesterday that the market and analysts were complaining that the European Central Bank (ECB)'s communication skills were lacking. In previous years, the message from the Governing Council could sometimes be mixed as one member appeared to contradict another. Those days are gone and to its credit, the ECB is now extremely adept at signalling its near-term decisions. As evidence of this, at the press conference (following the decision to keep rates unchanged at 3.5%) president
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