ECB's Weak Cut: Just 50 Basis Points

After the UK’s aggressive, 150 basis point cut, the ECB has followed up with a relatively tame 50 basis point cut, bringing its benchmark rate down to 3.25%. After the UK’s bold action, the market might’ve wanted a little bit more oomph out of the mainland — oomph that it didn’t get. After rallying back, the futures have moved lower once again. Today is looking uly.

See Also:

Bank Of England ONLY Cuts 150 Basis Points

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

clusterstock-us