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European bonds markets had a lot to take in last week. For the most part, they all responded with a downward price reaction regardless of risk profile, with the exception of Greece. The ECB left monetary policy unchanged. Eurozone inflation for May climbed to 0.3%, indicating that QE is having the desired effect. Greece chose…
The European Central Bank left its key rate unchanged at a record low of 0.25%. There was speculation around whether the European Central Bank would cut rates again in response to the low level of inflation (0.7% in January). The central bank’s president, Mario Draghi, addressed the low inflation issue by saying that the measure…
