Bundesbank head and governing council's Weidmann in scheduled speech 10 June 2016
- asset managers may become increasingly nervous the longer momn pol tries to maintain low interest rates
No shock in that one from Weidmann/Germany. but it does highlight again the precarious state of the financial system which Adam also highlighted here
- particularly urgent to regulate exposure to sov debt
- long way to go on Eurozone fiscal policy
- banks should not hold bail in debt of other institutions
- effectiveness of ECB policy depends on market conditions
Meanwhile EURGBP back testing 0.7850 offers/res as GBP gets slapped again