Weekly Market Recap (12-16 February) ...Middle East

MondayOver the weekend ECB’s Panetta (dove – voter) said that he prefers to cut rates earlier and gradually then risking waiting more and ending up cutting more aggressively:The time for interest rate cut is fast approaching.What should be discussed now are the conditions to start monetary easing, while avoiding risks to price stability and unnecessary damage to the real economy.Says the policy board will need to consider the pros and cons of cutting interest rates quickly and gradually, as opposed to later and more aggressively, which could increase volatility in financial markets and economic activity.Any speculation on the exact timing of monetary easing

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