Erwan Mahe submits:We have all seen the recent comments by Mr T and his German friends at the ECB, Stark et Weber.
It is just worth noting that the first thing he did was to confirm the continuation of a LTRO without premium in September, a measure whose impact we just saw in short-term rates, which is a good sign.
And we are looking for the same scenario for the LTRO in December.
What interested us the most were the comments by Mr Fisher of the Dallas Fed, which we reproduce below:
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