Bloomberg News

Euro Extends Drop as ECB Seen Supporting Rate Reduction

December 07, 2012

The euro extended a loss versus the dollar as the European Central Bank is seen moving closer to cutting interest rates.

A majority of ECB policy makers were open to cutting the benchmark rate yesterday and there is a possibility of a reduction early next year if the economy doesn’t pick up, three officials with knowledge of the Governing Council’s deliberations said.

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus