FXstreet.com (San Francisco) - Looking into the third quarter about to start, the Brown Brothers Harriman expects the ECB to cut rates, "as the economic outlook deteriorates and the debt crisis intensifies".
"The ECB left its policy rate unchanged in June and said that it is conducting a review into the impact of the measures already implemented", says BBH. "However, it signaled that some Governing Council members favored a rate cut and cited increased downside risks to the economic outlook".
"The ECB left its policy rate unchanged in June and said that it is conducting a review into the impact of the measures already implemented", says BBH. "However, it signaled that some Governing Council members favored a rate cut and cited increased downside risks to the economic outlook".
