If the ECB copies the Fed, here's what can happen

Lagarde heralds a wise paradigm shift by the ECB to make it not only more elastic on inflation but also more attentive to unemployment and macroeconomic stability on the American model - However, there is much resistance to change and the possible…
ECB, what more can we ask of Lagarde?

The ECB's decisions at the end of April did not excite the markets, which are expecting more. Starting with the granting of longer-term loans to banks, of 5 and 10 years, but not only. You need a game of…
The ECB strengthens the bazooka (but not too much)

The central bank cuts the rates on the Tltro3 auctions and creates a new series of emergency refinancing operations (Peltro), but does not press on the accelerator and retains room for maneuver for the next few months - The cost of borrowing remains…