The European Central Bank cut its deposit rate below zero and said it would announce further measures later today as policy makers try to counter the prospect of deflation in the world’s second-largest economy.
"The guarded words indicate there's always a risk, no matter how small, that inflation indicators begin to strengthen and in which case the committee would have to be more aggressive on interest rates."
- Philip Shaw on Dec 07, 2014
Investec's Shaw Discusses ECB Policy Meeting
Shaw Says ECB Action Is Cutting Italy Yields
Shaw Sees No Time to Renegotiate Haircuts
Investec’s Shaw Sees Temporary Drop in Commodity Prices
CMC's Laidi on Greek Debt, Shaw on Economy: First Word