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Good concise summary. Does leave the question hanging though where might the fragility start to show if we keep heading in this direction.
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Win Monroe
How bad is the ECB error? The ECB is almost certain to commit policy error today. However, the damage from the unnecessary rate increase should be limited. www.ubs.com/global/en/we... #EconSky
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www.ubs.com
The ECB is almost certain to commit a policy mistake today. Raising rates will not change Eurozone inflation or inflation expectations. This policy is stuck in an unhelpful 2022 mindset. Consumers wil...
How bad is the ECB error?
Paul Donovan