Is it Time for European Banks to Shine? w/ Seamus Murphy
Real Vision: Finance & Investing
00:00
The Negative Effect of Fiscal Policy on Interest Rates
Rates have had a lot of work to do on the upside for the last 69 months. As long as this data persists and we see this monthly, it becomes very, very difficult for central banks to take the foot off the pedal. We're only now more recently talking about recessionary type characteristics in Germany. And so therefore it's quite difficult. And I think the central banks actually have more work toDo on the upside, not on the downside.
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