ECB's Draghi concerned at banks' heavy use of secured funding

The European Central Bank is concerned at a shift in bank financing that has left the region's lenders increasing reliant on secured funding, ECB President Mario Draghi said on Thursday. The shift has ...

The press conferences following the European Central Bank's monthly monetary policy decisions have been pretty uneventful as of late. On every first or second Thursday of the month, ECB President Mario Draghi is happy to remind reporters at the ECB press conference just how in control of European sovereign debt markets the central bank is.

The press conferences following the European Central Bank’s monthly monetary policy decisions have been pretty uneventful as of late. On every first or second Thursday of the month, ECB President Mario Draghi is happy to remind reporters at the ECB press conference just how in control of European sovereign debt markets the central bank is.

BRUSSELS – The euro’s exchange rate is not a policy target for the European Central Bank but it does pose a “downside risk” to inflation that the ECB will have to assess, ECB President Mario Draghi said on Monday. The euro hit a 15-month high against the dollar earlier this month, complicating the ECB’s policy-making tasks by weighing on growth and feeding expectations that it may have to take fresh policy action, which some ECB members oppose.

Even though the German constitutional court gave its blessing to ECB president Mario Draghi's OMT program, Concerns Mount that ECB Bond-Buying Program Is Illegal.