David Brown Next Quotations

There is a multiplicity of reasons why the ECB has eased again and by so much, ... Critically the euro zone fundamentals have been crying out for lower rates for quite some time, with growth momentum slowing in the EMU area, Germany close to a double dip recession and inflation set to slow dramatically next year.

There is a multiplicity of reasons why the ECB has eased again and by so much. Critically the euro zone fundamentals have been crying out for lower rates for quite some time, with growth momentum slowing in the EMU area, Germany close to a double dip recession and inflation set to slow dramatically next year.

Over the next few days the euro zone markets will be watching the German opinion polls very carefully in the run-up to Sunday's general election -- especially at the growing risk of a hung result and a grand coalition being formed,

The wording underlines that the Fed is obviously worried about a sharper economic slowdown than the market had anticipated. I think we're on track for three one-quarter-point cuts from the Fed in the first half of next year.

We think that relative softness in the euro zone recovery next year combined with inflation falling below two percent, will leave the ECB stuck on 2.5 percent rates for a considerable period.

Economic confidence is weak because of high oil prices, but all that will change once oil is back down to $20 a barrel. But the economy is strong: we expect growth of about 3 percent this year and at least 3.5 percent next year.