Banks are in full-on defensive mode, GDP is in a huge and growing hole, and central bankers are realizing they're stuck no matter what. The end of last year for Europe stands as a stark warning that this global transition remains far from over with - even after two years of it already.
Eurodollar University's Money & Macro Analysis
ECB statement
https://www.ecb.europa.eu/press/pr/activities/mopo/html/index.en.html
Bloomberg ECB Cuts Rates for Fifth Time as Euro-Zone Economy Flatlines
https://www.bloomberg.com/news/articles/2025-01-30/ecb-cuts-rates-for-fifth-time-as-euro-zone-economy-flatlines
Bloomberg Traders’ ECB Rate Cut Bets Fuel Biggest Yield Drop in Two Months
https://www.bloomberg.com/news/articles/2025-01-30/german-two-year-yields-slump-as-traders-boost-ecb-rate-cut-bets
https://www.eurodollar.university
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