Big German banks warn against further rate cuts (expected from the ECB this week)
Both Deutsche and Commerzbank Banks have weighed in against forecast further cuts from the European Central Bank this week:
- would benefit those with assets
- further burdening savers.
- neither sustainable, nor responsible
The central bank is expected to cut as [part of measure to support the Eurozone economy. As an example of the slowing of the EZ economy was the data from Germany last week:
European Central Bank policy meeting is on September 12,
Its an amusement to debate who wins, who loses, and what the ECB should of should not do. Nothing wrong with that. Its also of more direct to use to traders to debate will the ECB will or will not do. I'll have previews of what to expect upon approach to the meeting, but for now, here is something for EUR bulls and bears: