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 brought ... (full story)