Riksbank set a precedent hiking its interest rate to zero. The ECB may follow this example in 2020
One of the FOMC strongest doves Federal Reserve Bank of St. Louis President James Bullard said that he penciled in no rate increases for 2020, the trade uncertainty eases, and the companies are adapting to a shaky environment. The GBP dropped, being followed by the EUR/USD drop-down to figure 11 base. However, the euro bulls are not giving up. The reason for their optimism is the failed experiment with negative rates.
Any innovation is most effective at the peak of its popularity. When Riksbank…
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