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Today’s policy decision did not make any waves. The deposit rate was left on 2% and President Lagarde kept all options open. However, Lagarde did say that downside risks are lessening, and we would add that the doves’ case for another rate cut is too.
Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more
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