Saturday July 4, 2020

ECB’s tough stance on rates is misguided

We can only conclude that they have lost their marbles at the European Central Bank (ECB) in Frankfurt.

7th June, 2008

We can only conclude that they have lost their marbles at the European Central Bank (ECB) in Frankfurt.

The turmoil in the credit markets in recent months has effectively pushed up interest rates to most borrowers across Europe, while the supply of credit has also tightened considerably as banks move to repair their balance sheets.

Meanwhile, the slowdown in the US and British economies is taking its toll on global growth. Against this backdrop, the...

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