Investment Strategist EMD-FX-Macro Research since 2005. Multi-asset, synthesizer-trader of market narratives. (ST/M-LT), v=Vol up. Personal views, not advice.
Mar 13, 2020 • 6 tweets • 2 min read
ECB: “We are not here to close spreads, this is not the function or the mission of the ECB...Response needs to be fiscal first and foremost” - Lagarde.
We reacted appropriately to our role - ECB Weidmann ft.com/content/11ab8f…
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ECB announced: 1/ it would buy €120bn more bonds by end-year, on top of existing commitment of €20bn/mth, raising QE program to €33bn/mth for rest of year, focusing on corp bonds
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