Ecb Meeting: When Doves Cry

Also Interesting

• Closing strong u.s. Economic & interest rate outlook
• Research Target Exposure: Investment applications and solutions
• Economic and Strategy Viewpoint

The ECB gets surprisingly gloomy on growth and inflation and shifts to softer monetary policy immediately too

Since the financial crisis, the unwritten rule has been that bad economic news was good news for investors, as central -bank taps likely would be opened. And if a central bank talked more dovishly than expected in a meeting, the markets were quick to react and party.