EONIA (Euro money market rates) had huge jump to 22bp (from 10bp)..excess liquidity is falling too quickly for the ECB's liking

Chris Weston

EONIA (Euro money market rates) had huge jump to 22bp (from 10bp)..excess liquidity is falling too quickly for the ECB's liking. Will we see another LTRO or interest rate cut being announced? I cant see how either would work to be honest. This for me is the most interesting issue in G10 currency markets right now (with the exception of when the Fed will taper).


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Chris Weston

Chris Weston

Chief Market Strategist, IG Markets

Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...

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economy europe

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