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Central Bank Focus

Europe’s Central Banks Ease As Deflationary Winds Blow

by Felix-Antoine Vezina-Poirier, Chief Strategist  

European central banks are pivoting quickly amid deflationary pressure, reinforcing our long UK Gilts and short GBP trades. The Norges Bank surprised with a 25 bps cut to 4.25%, abandoning its hawkish stance. The Swiss National Bank cut by 25 bps to 0%, in…

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