Is it Time for European Banks to Shine? w/ Seamus Murphy
Real Vision: Finance & Investing
00:00
The Mechanism of the Ineffectiveness of Monetary Policy
There's kind of five key reasons basically in terms of why we haven't had, on monetary policy, has been relatively ineffective today. The first one was we had excessive wealth creation during the pandemic. We also had an exceptionally strong period of household cash flow generation. And so therefore, central banks are going to have to fight harder to eliminate that excess demand.
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