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ECB to Cut Rate in February: Strategist

Monday, 9 Jan 2012 | 11:00 AM ET

The European Central Bank will continue to ease monetary policy but it needs to see inflation coming lower, Michael Plavnik, head of the short-term interest rate desk at Citigroup, said. "I definitely believe the ECB will cut rates. I don't think they'll cut in January, I think they'll cut in February."