The Morning After: Digesting Draghi’s Measures

Whether Mario Draghi’s latest barrage of stimulus works or not, the European Central Bank president made one thing clear on Thursday: he won’t be the one to clean up afterward. Instead, ultra-low interest rates that might even pay banks to receive loans are now potentially locked in until after the Italian retires in 2019. The ECB’s new measures have just entrenched policies designed for crisis times into the next decade. Credit Agricole Head of G10 FX Research Valentin Marinov and Bloomberg’s Richard Jones discuss with Anna Edwards on “Countdown.”

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46:41 - Guests include: Krishna Memani, OppenheimerFunds CIO & Head of Fixed Income; Matt Freund, Calamos Investments Co-CIO & Head of Fixed Income Strategies; Subadra Rajappa, Societe Generale Head of U.S. Rates Strategy. (Source: Bloomberg)
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