German banking association says QE will have ‘marginal’ effects

Author: Adam Button | Category: Central Banks

The German banking association (BDB) is out with a response to the 1.14 trillion euro QE program announced by Draghi.

  • ECB move will have ‘marginal’ price and growth effects
  • ECB move will increase asset price bubble risks
  • ECB liquidity will flow mainly into markets

That won’t be the last angry statement from Germans today. Comments from the Bundesbank are the main thing everyone is waiting for.

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