LeBas Says ECB Is Fulcrum Policy Maker of Central Banks

The video discusses the European Central Bank's (ECB) influence on global rates, highlighting skepticism in the market regarding asset purchases and potential tapering. It examines market reactions to ECB speeches and questions whether skepticism is warranted based on past ECB actions. The video concludes by suggesting patience as a prudent course of action for central banks.

What mistakes have been made by the ECB in the past that influence current policy decisions?

What is the prudent course of action suggested for central banks since 2010?