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

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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)

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