Too much speculation, too much liquidity, not enough oil?
Tuesday 19th September 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABAs we wait for the barrage of central banks in the second half of the week, starting with the Fed, a Reuters report suggests the ECB is looking at reducing the high level of excess reserves which could be impacting the effectiveness of monetary policy. NAB’s Skye Masters says it’s only natural for them to consider reducing their balance sheet once they near the end of the rate cycle. In the US, meanwhile, the BIS has warned of too much leverage in short positions on US…
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