Z
z106
Guest
Ok - just ro explain my positon - i am a lay man when it comes to the markets.
But - goimg what i've learned recently,the feds has job has 2 pyurposes:
1) keep inflation low
2) keep the markets in good shape
Hovever - i've read the ecb has only one mandate i.e. keep inflation low.
So - my question is this:
Obviously the ecb seems under pressure to cut rates given what happened during the week.
But why?
If really the ecbs job is to keep inflation low then they obviously shoukd't dream of cuttin rates.(given euro inflation)
So - is this mandate just a joke in practice or what?
like - if u went by the book then obviously the ecb would be under zero pressure to cut rates - if anything they should be increasing.
But - goimg what i've learned recently,the feds has job has 2 pyurposes:
1) keep inflation low
2) keep the markets in good shape
Hovever - i've read the ecb has only one mandate i.e. keep inflation low.
So - my question is this:
Obviously the ecb seems under pressure to cut rates given what happened during the week.
But why?
If really the ecbs job is to keep inflation low then they obviously shoukd't dream of cuttin rates.(given euro inflation)
So - is this mandate just a joke in practice or what?
like - if u went by the book then obviously the ecb would be under zero pressure to cut rates - if anything they should be increasing.