Weekly comment MM Prime TFI - April 11, 2016
Last week the releases of the FOMC’s and the ECB’s minutes from March meetings were in the spotlight. Fed’s members turned out to be dovish. However, this fact was not a surprise for the market which expected only one interest rate hike in the next 12 months. A dovish attitude was presented by the representatives of the ECB as well. They reiterated their readiness to take appropriate actions to restore the dynamic of price growth to 2%. Investors also learnt many important economic data. In the Eurozone, the reading of the unemployment rate and the retail sales did not disappoint investors.