International Week in Review: The ECB Blows It, Edition
By: HaleStewartThe biggest news this week was the ECB’s interest rate decision, where the central bank voted to keep rates at .15% without engaging in any other action. This despite an economy clearly teetering on the brink. Retail sales printed conflicting numbers: retail sales increased 2.4% Y/Y, but the EU retail index printed at 47.6, indicating the sector is in a technical recession. Read more
