Ambrose Evans-Pritchard writes that the ECB cut Thursday includes a “stealth cut’ in the eonia rate, essentially the European equivilent of Fed funds. While the refi rate is at 2.0%, the eonia rate should fall to 1% next week, he reports.
Ambrose Evans-Pritchard writes that the ECB cut Thursday includes a “stealth cut’ in the eonia rate, essentially the European equivilent of Fed funds. While the refi rate is at 2.0%, the eonia rate should fall to 1% next week, he reports.