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ECB Policy Drawing Fire #NIRP #ZIRP
Friday, April 22, 2016 8:09
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—>NewsWhile Draghi left the door open to future rates cuts, will he be allowed to implement them. Emergency rate cuts “promised” by the ECB’s president Jean-Claude Trichet were blocked by the bank’s governing council in early April. This move, a trend rising from growing skepticism towards EU policy in Germany, defied mounting pressure from EU politicians to respond to an economic contraction…
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Source: http://edegrootinsights.blogspot.com/2016/04/ecb-policy-drawing-fire-nirp-zirp.html
