http://www.zerohedge.com/news/2013-11-07/stunning-move-ecb-cuts-rates-25-bps-euro-plunges
Perhaps it is not surprising that with the absolute majority of economists and strategists, or 67 of 70, predictingno rate cut by the ECB, this is exactly what the ECB just did, when in a stunning move it cute rates for both the main refi rate and the marginal lending facility by 25 bps, to 0.25% and 0.75% respectively. And there is your reaction to Europe's encroaching deflation. The Euro will need a bigger chart to show just how far it tumbled as a result of the stunner...
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