This chart shows why the #ECB cannot really raise interest rates. Then interest would have to be pai

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This chart shows why the #ECB cannot really raise interest rates. Then interest would have to be paid on the excess liquidity created by bond purchases, and that would ruin the balance sheets and profits of the euro central banks. h/t Holger Zschaepitz

This chart shows why the #ECB cannot really raise interest rates. Then interest would have to be pai

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