Wednesday, 22 May 2013

Europe: approaching Zero Lower Bound

Interest Rates of Major Central Banks compared (compiled by Reuters)

With the rates in the Eurozone approaching Zero Lower Bound the room to maneuver is almost nil.

Is it still to early to mobilize the fiscal weapons?

We need something better designed than the clumsy and rather inefficient American 'stimulus'. Maybe Abenomics will teach the EU a thing or two.

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