Watch Live: Christine Lagarde Explains How Even More QE Will Fix Virus-Crisis

Watch Live: Christine Lagarde Explains How Even More QE Will Fix Virus-Crisis

After disappointingly not cutting rates even more negative than they already are – because that was working so well – ECB boss Christine Lagarde did, however, open the floodgates with some more liquidity facilities.

The problem is – judging by the markets – it didn’t work. European bank stocks have crashed to record lows and peripheral bond yields are exploding higher.

Dear Christine, you got some ‘splainin’ to do…

Watch Live (starting at 0930ET):


Tyler Durden

Thu, 03/12/2020 – 09:26

via ZeroHedge News https://ift.tt/39J5S9u Tyler Durden

Leave a Reply

Your email address will not be published.