@jonsindreu @DanielaGabor @JoMicheII @tomashirstecon @bankofengland But big, medium and small ARE benchmarked by bank economists/analysts/journalists against deficit/bond issuance numbers. So

@jonsindreu @DanielaGabor @JoMicheII @tomashirstecon @bankofengland But big, medium and small ARE benchmarked by bank economists/analysts/journalists against deficit/bond issuance numbers. So the ECB doesn’t need to say or even think anything. The "balance of bond market" is being injected into the policy-making process indirectly.

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