Excerpt from: Spot Forex
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| January 06, 2009 | | Spread betting and contracts for differences on ECB cuts | Just a couple of weeks ago, the European Union was rather hawkish, insisting that the interest rate could be held steady -- or even rise -- going forward. However, economic data is changing that story right now.
Instead of keeping things steady, ECB cuts may be on the way. Inflation is dropping, and a real fear of deflation is now spreading through the euro zone. As a result, the monetary easing may not be over.
The Bank of England is already expected to cut its rates later this week. And it appears likely that the ECB rates may have to be cut this month as well.
| Topic Tags: contracts for differences, deflation, ECB rates, euro zone, inflation, interest rate, spread betting, spread betting ECB rates | |
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