ECB's Deposit-Rate Cut a `Bold Move,' Sheets Says

July 5 (Bloomberg) -- Nathan Sheets, global head of international economics at Citigroup Inc. and former head of international finance for the Federal Reserve, talks about the European Central Bank's decision to lower its main refinancing rate to 0.75 percent from 1 percent and its deposit rate to zero from 0.25 percent. Sheets, speaking with Tom Keene, Sara Eisen, Michael McKee, Scarlet Fu and Ken Prewitt on Bloomberg Television's "Surveillance," also discusses the China's interest-rate cut. (Source: Bloomberg)
Is This the End of the Great Distortion?
35:38 - Principal Global Investors Chief Executive Officer James McCaughan discusses the new rate of return and if we have come to the end of the great distortion in markets created from extraordinary monetary policy. He speaks with Vonnie Quinn, Brendan Greeley and Tom Keene on Bloomberg Television's “Bloomberg Surveillance.” (Source: Bloomberg)
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