€620bn worth of (potentially tiered) euro nuts
FT Alphaville » ECB 2015-12-22
Summary:
A tiered depo rate (to be explained below) coming from the ECB at their meeting on Thursday, you say?
Allowing them to potentially push past the expected (per our inboxes) coming cut in the depo rate by 10bps to -0.30 per cent, alongside other easing measures?
Well… the mooted tiered system itself wouldn’t be unprecedented and we look forward to even the expected cut allowing our go-to measure of euro-nuttiness to keep ticking up. From JP Morgan’s Niko Panigirtzoglou and team over the weekend:
Continue reading: €620bn worth of (potentially tiered) euro nuts