Today, finally, the time has come – probably the most important decision a central bank has made so far this year. The reason for this is that expectations of the ECB are quite far apart. Will Draghi present his successor Lagarde with a fait accompli? In the run-up there are many warnings against a further expansion of the ultralax monetary policy (Dutch parliament). And perhaps the expectations and hopes of the markets are simply too high, because the resistance is great, especially from the representative of the Nordic countries in the ECB. Tonight the next rally of hope in the trade war, because Trump postpones the increase of tariffs (from 10% to 15%) from October 1st to October 15th (because of the 70th anniversary of the foundation of the People’s Republic of China).
ECB Director Benoît Cœuré gave a lengthy speech at a workshop (read here). The text was published by the ECB a few minutes ago. This is actually about the money markets and the liquidity of […]
Mario Draghi does not have much time left as head of the ECB. In November he hands over to former IMF chief Christine Lagarde. After the last ECB meeting on 25th of July, where there […]
“The monetary traffic lights are on green” – says asset manager Jens Erhardt. The collapse of stocks on Wall Street at the end of 2018 was caused by the Fed’s red light (interest rate hike, […]