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Europe’s Central Bank Is the World’s Most Important

Hatheway, Larry, (2017), “Europe’s Central Bank Is the World’s Most Important”, Bloomberg View, 7  Ιουνίου

Over the next two weeks, investors will focus on monetary policy ahead of the European Central Bank meeting on June 8, which will be followed by the Federal Reserve on June 13-14.

After a disappointing U.S. jobs report for May and amid signs of a regulatory crackdown on Chinese credit growth, fissures are appearing in the global reflation consensus. With Treasury yields dipping at the end of last week to their lowest levels in six months, the deliberations of the world’s major central banks take on added importance.

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