There are official statements that look technical from a distance, but when you listen to them have an impact on all of us.
Modern finance has its codes and its Latin, not to say its specific gibberish. Let’s just say it: a crazy, completely aberrant page of finance will soon be turned. At the end of September, the European Central Bank will raise its rates by 0.50%. This is what Christine Lagarde, President of the ECB, has just declared. For now the central bank interest rate is – 0.50%. From the end of September, this rate will therefore no longer be negative, but positive again, even if it is only at 0% – 0%. It’s weird as a positive rate, but it was even weirder to have negative rates since 2014. Because having negative rates, as we have known them, was like paying to invest your savings and it came back to receive money to borrow. Something crazy, mad scientist and with which the stock market and the financial markets have lived since 2014.