0.25% cut is what market expects so when the news is released and the number is 0.25% there is no surprise
When there is no surprise, the tone during press conference matters (if hawkish then sell, if dovish then buy)
Other than 0.25% cut, market will be surprised and the movement will be nasty up or down depending on the actual news
When there is no surprise, the tone during press conference matters (if hawkish then sell, if dovish then buy)
Other than 0.25% cut, market will be surprised and the movement will be nasty up or down depending on the actual news
5