As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness

Those expecting more monetary madness were rewarded today when the ECB Opens the Door to December Stimulus as expected. The European Central Bank signalled it would expand its €1.1tn quantitative easing programme in December and cut its deposit rate should the slowdown in emerging markets threaten the eurozone’s economic recovery. The euro plunged 1.67 per cent against the dollar to $1.116 after Mario Draghi, the ECB’s president, said policymakers’ measures would need to be “re-examined†in December

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As Draghi Hints at More QE, German Bond Yields Hit Record Low Negative Yields; Economic Madness