Monday June 1, 2020

It was the most dramatic move in ECB history: a 13-figure gamble...

We will have healthier sovereign banks and healthier corporates. Households won’t feel the QE love, but you can't have everything

25th January, 2015
6
Stephen Kinsella.

It was like The Late Late Toy Show for monetary policy geeks – but with a bit of 1980s Wall Street thrown in as well.

Having leaked the fact that the ECB would begin asset purchases of around €50 billion for 18 months to restore inflation to the flagging eurozone, ECB president Mario Draghi then announced €60 billion-worth of purchases until at least September 2016.

An old hand I spoke to right after the announcement found it...

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