RSS ECB's Kazaks: A significant reduction in rates is still necessary

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 RSS ECB's Kazaks: A significant reduction in rates is still necessary

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  • A significant reduction in rates is still necessary.
  • Neutral rate is closer to 2% than 3%.
  • The direction of interest rates is clearly down.
  • It's right to go step by step on rates.
  • A bigger rate cut is possible if required.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
 
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