Are low rates in the eurozone skewing private portfolio preferences?

Daily commentary
The German-language media have been voicing concerns over the ECB’s low interest-rate policy and its effect on savings and investment in the euro zone. This makes sense given the state of the economy in Germany and Austria is significantly more robust than in the eurozone periphery. The German Bundesbank has already warned of overheated housing markets. Another warning on housing from Ireland crystallizes for me the risks with using monetary policy for reflation.
I think this ...


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