GO
Loading...

Does the ECB Have Any Weapons Left?

Thursday, 2 Aug 2012 | 4:00 AM ET

There is mounting anxiety in the market that the European Central Bank may not take any action at today's meeting. Analysts suggest a further rate cut is unlikely at this meeting and any policy action to subdue Spanish and Italian bond yields could be some weeks away. Silvia Wadhwa has more from outside the ECB.