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ECB poised to cut rates sharply after Sweden shock
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Posted on
Dec 04 2008 5:12 AM
by
adeal
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The European Central Bank is expected to cut interest rates sharply on Thursday after a huge Swedish rate reduction stunned financial markets, stoking speculation of a record euro zone move. ECB policymakers will be armed with a new set of in-house forecasts likely to confirm that the euro zone economy is in serious trouble. These might also encourage the normally cautious Governing Council to act boldly.
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