ECB September meeting: “It’s never worked better”

08 September 2016

 

The European Central bank held it September meeting and announced no change to its official interest rate or to its €80 billion per month bond purchase programme. Markets were disappointed that there were no further additions to the ECB’s stimulus and reacted by sending yields higher. The German 10 year yield rose nearly 6bps to -0.05, the equivalent US yield rose 6bps to 1.60% and when the Australian bond market...

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