Forex Flash: ECB waits for Spain to act; bailout to come over the next month - Standard Chartered

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FXstreet.com (Barcelona) - The ECB looks set to keep rates on hold in November too, according to Standard Chartered European Economists Sarah Hewin and Thomas Costerg, while expecting recession "will trigger a cut by year-end" they note. Details on the new bond-buying plan remain thin, "but the ECB is likely to be tough on conditionality" the bank suspects. As per the timing abou the Spanish bailout, Standard Chartered thinks "they will need to ask for support over the next month, despite German reluctance."



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This article appears in: Investing , Forex and Currencies

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