The ECB’s Nowotny spoke with Bloomberg: No need for further ECB action in near future ECB is trying to develop ABS purchase plan Should agree on or drop ABS plan by year end Will stick with forward guidance amid low … Continue reading
Translation = HELP! We need someone else other than our own failed government to save our arse. Talk to le main cos le visage ain’t listening
Says the ECB isn’t respecting its mandate Euro area deflation risk is dangerous Translation = Moar policy please to lower the exchange rate.
So says Bank of Italy governor Ignazio Visco Italian banks could draw in excess of $200bn from TLTRO’s ECB ready to consider new measures after TLTRO’s including acquisitions of assets on large scale Expects NPLS to fall by €5bn after … Continue reading
Really? recovery can’t be sustained without positive credit Governing council member on Bbg
Comments in London: Council united in commitment to using “unconventional instruments” if needed Exchange-rate behavior among threats to prices Similar stuff to the ECB press conference but it’s a reminder of just how dovish the ECB is.
I didn’t know they had a recovery. Anyone else seen it? There was nothing hiding down the back of the sofa. Bank of France and ECB man Christian Noyer also says that ECB monetary policy needs to be transmitted to the … Continue reading
Protracted period of monetary accommodation carries risk of asset price bubbles and delayed balance sheet repair Concerns TLTRO’s could stoke a housing market bubble seem unwarranted We are seeing an improvement in the loan market If there is a housing … Continue reading
Strong euro not the most important issue “The euro area is not in a financial crisis anymore, but it still must contend with high debt, low growth and unacceptably high unemployment. These are reasons enough to remain alert and continue … Continue reading