TITLE

Too little and far too late: Fund managers react to ECB's shock rate cut

AUTHOR(S)
Jackson, Gary
PUB. DATE
November 2013
SOURCE
Fundweb;11/7/2013, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the question raised by the U.S. fund managers and economists on the effectiveness of the European Central Bank (ECB's) move in fixing the problems affecting the eurozone. It mentions 0.25 percent decline in the ECB's benchmark that raised doubts over its efficacy. Schroders European economist Azad Zangana states that interest rate's cut is a sign to the market that the ECB would like a weaker euro in order to better reflect the state of the overall eurozone economy.
ACCESSION #
92581971

 

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