ECB Application Of MMT And The Effects On Precious Metals
August 2 2019
The application of parts of Modern Monetary Theory by not only the Federal Reserve in the US but even more so by the European Central Bank seem to be the new norm. This week why delay in rate cuts is not the end of rate cuts and what this can mean for your savings and the price of precious metals.
Wednesday the 24th was an important day for the markets. Analysts assumed that ECB President Mario Draghi could use some of the Central banks “big guns" just before his departure to give the economy a new boost. Lower interest rates and perhaps even a new stimulusprogram used in the past to fuel inflation.It was decided however, to leave interest rates unchanged and that decision was received as disappointing by the market. Stock prices fell and that also showed a day later.