By now, you probably already know that the ECB cut their interest rates from 0.15% to 0.05%
Two weeks ago, Draghi signaled that he was ready to act again, and yet, no one expected the ECB to act so quickly…
But here we are, they reduced their interest rates by 10 basis points to spur economic growth and reduce the risk of deflation…
Was it a good measure?
Only time will tell… but if you want to hear my opinion, Draghi knows his stuff, so its probably the way to go.
Now, did you see the impact in the market?
We saw massive forex swings on most currency pairs and crosses!