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Re: QE Goes Global (not for the 1st time, only more so)
Just to follow up, it looks like the 0.5% rate drop -- or a change of heart at the ECB -- has significantly increased demand for this facility. European banks requested ~$50B last week according to ECB figures. Now I'm more sanguine that this will have a real impact.
Just to follow up, it looks like the 0.5% rate drop -- or a change of heart at the ECB -- has significantly increased demand for this facility. European banks requested ~$50B last week according to ECB figures. Now I'm more sanguine that this will have a real impact.
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