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When Easing Monetary Policy Really Means Tightening
The ECB’s September 12th meeting was one of the most anticipated meetings of a Central Bank this year. Not only was this the last meeting for “Super Mario” Draghi to show how far he was willing to go in terms of providing monetary stimulus, it was also an event where the potential for unforeseen consequences and consequent collateral damage was high. I believe five important things happened at this meeting, and I would like to explore what they collectively mean for markets. First, the ECB cut the deposit rate, as expected, to -0.50% from -0.40%, which one would say was technically an “easing”. Second, they ... (full story)
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- Sep 14, 2019 3:25am Sep 14, 2019 3:25am
- Ojiego
- | Joined Jan 2015 | Status: Critical Source | 1018 Comments
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- Sep 14, 2019 7:28am Sep 14, 2019 7:28am
- Not-KPMG
- Joined Jun 2015 | Status: Member | 7592 Comments
Beware of robber banks (RB), bad advisors.