wolf-street
QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion
By Wolf Richter
The Fed’s anti-QT faction needs to take a look: The ECB has shed €3.70 trillion ($4.22 trillion) of its QE assets, nearly double the Fed’s QT, and nothing bad has happened.