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26-05-2022, 01:27 PM
Note that despite 7.5% inflation the ECB is still conducting QE. The QE ends in July.
Lagarde defended this economic lunacy with a notion of "a genuine risk of too-low inflation becoming entrenched."
Lagarde says "the ECB’s policy settings were fully focused on dislodging this disinflationary environment."
ECB Hopes To End Negative Interest Rates By The End Of The Third Quarter
https://www.zerohedge.com/markets/ecb-ho...rd-quarter
Q: "How do you get [the ECB balance sheet] down?"
A: "It will come. It will come. In due course. Yeah."
Q: "...How?"
A: "In due course, it will come."
https://mobile.twitter.com/MartyBent/sta...4057224192
Lagarde defended this economic lunacy with a notion of "a genuine risk of too-low inflation becoming entrenched."
Lagarde says "the ECB’s policy settings were fully focused on dislodging this disinflationary environment."
ECB Hopes To End Negative Interest Rates By The End Of The Third Quarter
https://www.zerohedge.com/markets/ecb-ho...rd-quarter
Q: "How do you get [the ECB balance sheet] down?"
A: "It will come. It will come. In due course. Yeah."
Q: "...How?"
A: "In due course, it will come."
https://mobile.twitter.com/MartyBent/sta...4057224192
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