Euro key part of ECB’s ABS plan

by Ashraf Laidi

Oct 2, 2014 17:59

Let's recall that the euro's 20% decline between summer 2011 and summer 2012 failed to boost inflation due to the far reaching implications of austerity policies and plummeting consumer demand. Any ABS plan from the ECB will need to be accompanied by prolonged euro weakness. Full charts & analysis.

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