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BCA: The ECB Gets Ammunition To Stay On Hold
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Author BCA: The ECB Gets Ammunition To Stay On Hold
HenryTo
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PostPosted: Tue Aug 02, 2005 9:04 am    Post subject: BCA: The ECB Gets Ammunition To Stay On Hold Reply with quote
Latest from the Bank Credit Analyst. FYI, annualized M-3 growth for the Euro Zone was at 7.5% at the end of June - and this probably too high for the ECB liking. Looks like we won't get any cuts after all. This would put some pressure on the dollar index unless the Fed continues to raise rates until the end of the year:

http://www.bankcreditanalyst.com/public/story.asp?pre=PRE-20050802.GIF
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