tybs
Chili Pepper's song is still good
'''In placeholder meeting, ECB hopes to instill
FRANKFURT Reuters) - The European Central Bank is all but certain to keep policy on hold on Wednesday, taking its time to evaluate whether its most recent stimulus cocktail is enough to arrest a rapid decline in sentiment.
With economic powerhouse Germany skirting a recession, the ECB has already been forced to backtrack on plans to tighten policy and now faces calls to do more, even though the root cause of the downturn, weak demand from abroad, is largely beyond its policy reach.
Meeting earlier than usual so they can attend the International Monetary Fund’s spring meeting in Washington DC this week, ECB policymakers are also expected to discuss whether negative rates are still doing more good than harm.
But they are likely to stick to a long-standing line that ultra-easy policy is working as intended, and that banks remain net benefactors of record low rates so there is no acute need to compensate them for the hefty fee they pay to park their excess cash at the ECB.
The latter debate, simmering since 2016, is likely to intensify on Wednesday, however, as the growth slowdown suggests the ECB’s -0.4 percent deposit rate could stay in negative territory even longer than now expected.
ECB President Mario Draghi has already said the euro zone’s central bank must consider whether it needs to mitigate the side-effects of negative rates since banks transmit the bulk of the ECB’s policy to the real economy.
One option under study is a tiered deposit rate, which would shield lenders from part of the cost, in a similar vein to moves by central banks in Switzerland and Japan.
“Although the ECB ruled out tiering in March 2016, the situation has since changed, and it could be implemented eventually if policy rates were to remain negative for even longer into 2020,” Pictet Wealth Management economist Frederic Ducrozet said.
https://www.reuters.com/article/us-ecb-policy-idUSKCN1RL2WK
In placeholder meeting, ECB hopes to instill confidence
wife is taking care of me. Seems I over-extended last friday.
Friend of mine lost power in Mont yesterday.
ty for the advice.
arrrrrr! here you go anon.
fuggen nasty bitch. These people don't own a mirror?