The ECB has limited room to cut but has not yet reached the reversal rate. Cutting on the deposit rate and enhanced TLTRO III liquidity is likely, in the opinion of economists at ANZ Research. Equity markets have fallen and the euro has appreciated. Key quotes “Economy to barely grow by 0.2% in 2020 as a mid-year recession is possible. Broad disruptions seem likely as the virus spreads. Services are likely to take a hit, as consumer spending slows, near term.” “The ECB will guard against fragmentation undermining the fragile credit recovery. Risks are skewed towards the ECB cutting another 10-20bps.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tezos Price Analysis: XTZ gains over 12% in recent 24 hours, now it’s time for retreat FX Street 2 years The ECB has limited room to cut but has not yet reached the reversal rate. Cutting on the deposit rate and enhanced TLTRO III liquidity is likely, in the opinion of economists at ANZ Research. Equity markets have fallen and the euro has appreciated. Key quotes “Economy to barely grow by 0.2% in 2020 as a mid-year recession is possible. Broad disruptions seem likely as the virus spreads. Services are likely to take a hit, as consumer spending slows, near term.” “The ECB will guard against fragmentation undermining the fragile credit recovery. Risks are skewed towards the ECB cutting another… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
