Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control
by Wolf Richter, Wolf Street: This is not your grandmother’s “yield curve control.” There is only one thing that could force this ECB absurdity to end: a big bout of inflation. The ECB, which is already infamous for imposing negative interest rates, has been doing something new, something no other central bank has done before […]
Source: https://www.sgtreport.com/2021/01/central-bank-machinations-with-no-exit-ecb-leaks-new-thingy-its-doing-yield-spread-control/
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