mario draghi

  1. DM

    ECB summary and implications for EUR/USD

    Without bragging too much, I'm happy to say Mario Draghi delivered most of what I had expected at today's ECB policy meeting, and more: Cut in the deposit rate by 10 basis points to -0.5% from -0.4%. Introduction of a two-tier system that exempts part of banks' excess liquidity from the...
  2. DM

    German recession fears and negative interest rates

    The risk sentiment has become much more positive in recent days, against the backdrop of a possible continuation of trade talks between China and the USA, easing tensions in Hong Kong and resistance to Boris Johnson's hard Brexit course. However, the situation remains very fragile: Germany...