Tag Archives: Is There A Limit On Central Bank’s Ability To Inflate?

Mish/ Mike Shedlock – Is There A Limit On Central Bank’s Ability To Inflate? – 25 June 2012

On Friday, ECB President Mario Draghi announced ECB to Accept BBB- Rated Debt (One Step Above Junk) as Collateral. Reaction from the German central bank was immediate: Bundesbank Swipes at Draghi as European Fault Lines Deepen

“We’re critical of this,” Bundesbank spokesman Michael Best said yesterday. In terms of collateral, “we won’t accept what we don’t have to accept,” he said. Continue reading

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