A gradual, step-by-step approach through 25 bps rate reductions is the most prudent strategyA more aggressive monetary easing would require a dramatic shift in conditions to justify itEurope’s economic malaise is largely structural and demands solutions that extend beyond the remit of monetary policy
It’s been a while since they took a jab at lawmakers in having to fix the region’s economic woes, so this is a timely reminder. As for his policy remarks, they are consistent with what his peers have been preaching since last week.
This article was written by Justin Low at www.forexlive.com.
