Are More Negative Rates On the Table For the ECB?
The euro area’s bankers, battered by falling trading revenue and weak profitability, are predicting more pain as the European Central Bank gets ready to cut interest rates further below zero. The rate decision will be announced at 1:45 p.m. in Frankfurt on Thursday, and President Mario Draghi may reveal further measures in his press conference 45 minutes later. HSBC European Economist Fabio Balboni discusses with Bloomberg’s Anna Edwards on “Countdown.”
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