When it comes to raising interest rates in the teeth of an economic downturn, the European Central Bank has some embarrassing form.
Emergency Liquidity Assistance are funds lent to banks by their local central bank, not the ECB. They burst into the headlines earlier this year when it became public that the central bank of Ireland was pumping billions into Irish banks … Continue reading
Guess that means he’ll hike rates on Thursday despite crappy European data… EUR/USD is not impressed, slipping back below 1.4442. Looks like the BIS was not around this time down to the 1.4460 area. IF there were, they were run … Continue reading
The European Central Bank, still trying to restore its reputation after a series of policy reversals last year, will face a new test of its credibility in the coming weeks if it is forced to decide whether to cut Greek … Continue reading
It’s rates week again in Europe with the ECB expected to raise rates by 25 bps on Thursday and the BOE expected to keep UK rates unchanged. I’d expect most of this to already be written in to the relevant … Continue reading
Says we are called to be highly responsible We are permanently alert Will continue to strictly seperate standard measures and non-standard measures Believe a special tax on financial transactions in Europe along would lead to massive loss of activity in … Continue reading