HONG KONG (Reuters) - The European Central Bank's interest rates are "very low" and its monetary policy stance has become more accommodative than at the peak of the financial crisis, ECB policymaker Juergen Stark said on Tuesday.
Inquiring minds are reading several recent articles on the EU Observer.
ECB Considers Alternatives to Bond-Buy Program
Please consider ECB mulling alternatives to bond-buy plan
The European Central Bank is exploring alternatives to its controversial bond-purchase programme but has yet to decide on any replacement policy tool, ECB Governing Council member Ewald Nowotny told a German website in comments published on Tuesday.
FRANKFURT (Reuters) - European Central Bank policymaker Juergen Stark dismissed the idea of common euro zone bonds being a solution to the currency bloc's debt crisis and said leaving interest rates too low for too long was risky.
Reuters - European Central Bank policymaker Juergen Stark dismissed the idea of common euro zone bonds being a solution to the currency bloc's debt crisis and said leaving interest rates too low for too long was risky.
OTTAWA — Count on Mario Draghi to set the tone.
The head of the European Central Bank, who not long ago proclaimed he would “do whatever it takes” to right the region’s listing economy and support its common currency, is again attempting to aggressively lead the way in global monetary policy.
And that way is down.
OTTAWA — While Canada’s economy should pick up later this year, there are external and domestic threats that — if unchecked — could make a case for more interest rate cuts, according to the International Monetary Fund.
The IMF said in a report Thursday that Canada’s economy will grow by 1.8% in 2013, hobbled by a weak second-half handover from the previous year.
But gross domestic product is expected to speed up “thanks to the strengthening of the U.S. economy from mid-2013,” with the IMF pegging Canadian growth at 2.3% for 2014.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.The article below comes courtesy of Central Bank News, an authoritative source on monetary policy developments.