They trip up the market with a 25 bp cut and then go ahead and announce they will dicuss quantitative ease at their next meeting, leading all to conclude they will go ahead and enact fresh measures at that time. It boggles the mind…
Why not go ahead and give the market the 50 bp it expects and announce Qe will be depated in May? The market would have been quite satisfied with that outcome…Strange days indeed at the ECB.
