ECB Wants to Test Limits of Negative Rates, JPMorgan's Normand Says

The transcript discusses the potential economic impacts of Brexit, the ECB's bond buying program, and investment strategies in Europe amidst political uncertainty. It also explores US yield trends, the possibility of negative rates, and their effects on banking and the economy.

What is one of the main factors that dampens volatility in the European markets according to the transcript?

• Brexit negotiations

• ECB's bond-buying program

• German economic growth

• US trade policies

In the context of European markets, what is the speaker's stance on spreads?

• They believe spreads have no value.

• They prefer spreads over neutrality.

• They think spreads are too risky.

• They prefer neutrality over spreads.

What could lead to the permanence of negative real yields in the US?

• Increased consumer spending

• Higher interest rates

• Improved trade relations

• A major cyclical downturn

How do central banks view the impact of negative rates on loan growth?

• They are unsure of its effects.

• They think it boosts loan growth.

• They believe it has no impact.

• They see it as a major hindrance.

Why might the ECB be cautious with further rate cuts?

• To boost consumer confidence

• To encourage more savings

• To test the limits of negative rates

• To avoid increasing inflation