No time for funny anecdotes, we’re getting straight into the more boring stuff that really isn’t that boring. Deep breath, here we go: We had the ECB announce that there will be an Ad Hoc meeting today. A timely piece out from Melissa takes a look at the tools that may be used with the conclusion that in the absence of any quick fixes the most likely a mix of Yield Curve control with a blended yield curve target – importantly no solution looks politically straight forward.
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