German bank: European Central Bank asymmetric interest rate cuts may cause chaos

Jinshi data, September 12th, German commercial bank currency analyst Antje Praefcke said in a report that in addition to lowering the deposit Intrerest Rate by 25 basis points, the European Central Bank may also announce a technical adjustment of 60 basis points to its main refinancing Intrerest Rate and marginal lending Intrerest Rate on Thursday, which may cause some market turmoil. Praefcke said that the European Central Bank previously stated in March that it would narrow the gap between the main refinancing Intrerest Rate and the deposit Intrerest Rate from 50 basis points to 15 basis points. "Although this operational adjustment is known and communicated, it may confuse some people in the short term," Praefcke said.