How will the ECB react to trump’s surprise victory?
With the surprise outcome of the election in the US, uncertainty around UK’s ‘Brexit’ from the EU and the tightening of financial conditions within the Eurozone, it seems highly unlikely that the European Central Bank (ECB), will raise its key interest rate, currently at zero per cent, during its monthly monetary policy meeting which will be held tomorrow, Thursday, November 17, 12:30 GMT.
During its latest policy-setting meeting in October, the ECB left its official interest rates unchanged for the fifth straight month. What’s next, will the ECB leave its interest rate at 0.0% once again?
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