Stockholm Syndrome

AXA
By March 13, 2023 08:06

Stockholm Syndrome

  • The February inflation data vindicates the European Central Bank (ECB) hawks. We remain however concerned with the “financial channel”: the January batch for loans confirms the credit impulse in deeply negative.
  • We look at Sweden and the UK as “canaries in the coalmine” when it comes to monetary policy transmission.

AXA
By March 13, 2023 08:06

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