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ECB’s Paramo agrues for 2% floor in ECB rates

By   || January 26, 2009 at 12:54 GMT
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ECB executive board member Paramo says that if rates are to move below the historic low of 2%,  it must be well justified. At the same time, he sees inflation dipping below zero in some Eurozone countries. Sounds well justified to me.

The ECB is expected to take a pass on rate cuts at the Februaury meeting next week before taking a hard look at further cuts in March.

EUR/USD is retesting highs just above 1.3000 on the remarks.

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