MARKET NEWS
'Attentive' ECB can lean against euro rise - REUTERS
By Mike Dolan
LONDON, April 14 (Reuters) - The last thing you want in a global trade war is a rocketing currency. So the soaring euro's rise may not yet be "brutal", but it may still depress the inflation outlook enough to give the European Central Bank space to ease big.
One of the most used headlines in European central banking research notes last week was "Clear Cut". There is little doubt that the ECB will now lower its main borrowing rate again on Thursday, and markets are fully priced for another quarter-percentage-point cut to 2.25%.
