German money printing

| August 8, 2012 | 0 Comments

A cheeky note from Evelyn Herrmann at BNP Paribas reminds us that the Bundesbank carried out its own quantitative easing in 1975. The central bank bought 7.6bn D-mark of post, telecom and sovereign bonds between May and October 1975. This was equal to almost 1pc of German GDP. Buba acted because the economy had tipped […]
Finance

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