The Credit Crunch is Here
The Macro Trading Floor
00:00
The ECB's Press Conference on Interest Rates
The ECB has been running quantitative tightening of 15 billion euro a month for two months already. It might be that they can hike another once more, but I'm really starting to doubt whether there's much left in this cycle for them as well. We Italians don't like 3.5% risk free rates, man. Please stop it. 460 something billion in one go is quite a lot of liquidity drainage from the system together with QUT that also gets an increased pace from late summer.
Transcript
Play full episode
