Forex Trading News: ECB’s Bini Smaghi on the Wires

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November 20, 2008

Forex Trading News: ECB’s Bini Smaghi on the Wires Posted by Mr. Danish FX on Thu, 11/20/2008 - 12:58am in ECB ECB’s Bini Smaghi: More interest rates cuts are possible; but rates too low for too long could lead to the next crisis - Not anticipating deflationary process - Projecting Euro-Zone inflation to decline towards 2% - Maintaining price stability is ECB’s top priority - Recession possibility is a global phenomenon - No one expected the abrupt economic slowdown Mr. Danish FX’s blo
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