Haywood: ECB Likely To Cut Deposit Rates

Mario Draghi is having no success convincing stock investors that the European Central Bank has the firepower to reignite growth.While all economists in a Bloomberg survey expect the central bank to cut interest rates when policy makers meet Thursday, and 73 percent project them to boost the amount of money put into the financial system through bond purchases, fund managers aren’t optimistic about a post-decision equity rally. Gam Investment Director Tim Haywood discusses with Bloomberg’s Anna Edwards on “Countdown.”

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11:46 - Guests include: Charles Schwab's Liz Ann Sonders and Bleacher Report CEO Dave Finocchio. (Source: Bloomberg)
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