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Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
© Reuters. Draghi Is Member of ECB’s 100,000-Euro Club in New Declarations
(Bloomberg) — Thirteen members of the European Central Bank’s Governing Council have at least 100,000 euros ($113,000) hoarded in deposits with a bank supervised by the Frankfurt institution.
Mario Draghi, the ECB’s president, was among the officials who ticked a box on a Declaration of Interests form saying they have funds exceeding that amount in at least one bank. The documents, released on Monday in Frankfurt, are required by a revamped code of conduct.
The deposit tally was the only financial admission made by Draghi, who has no relevant holdings of companies or investment vehicles, according to the records. By contrast, some of his colleagues had much more to declare, with the most elaborate list by the new Belgian governor, Pierre Wunsch. He has interests in 13 separate funds and an investment plan, as well as shares in a couple of start-ups.
Among Draghi’s five colleagues on the Executive Board, Benoit Coeure, Yves Mersch, and Peter Praet all ticked the 100,000-euro box. Praet, Mersch and Vice President Luis de Guindos listed funds or stocks they had invested in.
Central bank governors from the region’s biggest economies all had something to declare. Bundesbank chief Jens Weidmann didn’t tick the 100,000-euro box, but did reveal interests in two exchange-traded funds. Bank of Italy Governor Ignazio Visco and the Bank of France’s Francois Villeroy de Galhau both met the deposit threshold. The Frenchman also holds shares in his family’s company, porcelain manufacturer Villeroy & Boch.
“The code strengthens and harmonizes the ethical conduct, compliance and transparency practices within the Eurosystem,” the Bank of Italy said in a statement marking the release of the documents.
Other key insights:
Chrystalla Georghadji, former governor of the Central Bank of Cyprus, listed interests in two tranches of an Athena hedge fund, while successor Constantinos Herodotou has investments in 13 funds including passive and active managers
Dutch central bank governor Klaas Knot listed an interest in an ABN Amro fund
Executive Board member Sabine Lautenschlaeger received about 10,000 euros after tax and donations for being a member of the board of trustees of the Alfried Krupp von Bohlen und Halbach foundation
Mersch’s three Luxembourg funds are primarily invested in equities, according to descriptions on Bloomberg
Praet, the ECB’s chief economist, is invested in the central bank of Belgium, his home country
Finnish central bank governor Olli Rehn is owner of Verkisto Oy, an unlisted communications and research firm with a capital base of 8,500 euros and is “not active”
Mario Vella of the Central Bank of Malta counts Luxembourg-based funds run by the asset management arm of UBS Group AG among his investments
Weidmann has two ETFs from Deutsche Bank (DE:) AG’s asset management arm — one that tracks Germany’s as well as one on the MSCI World
To access the declarations, click here
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/draghi-is-member-of-ecbs-100000-euro-club-in-new-declarations
ECB’s ‘Remarkable’ Formula Suggests More Easing Necessary
New Post has been published on https://worldwide-finance.net/news/commodities-futures-news/ecbs-remarkable-formula-suggests-more-easing-necessary
ECB’s ‘Remarkable’ Formula Suggests More Easing Necessary
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
A policy formula the European Central Bank recently described as “remarkable” is suggesting it needs to ease monetary policy once again.
A rule designed by former Governing Council member Athanasios Orphanides — praised by researchers at the ECB just after the end of quantitative easing was announced — says policy is now too tight, after months of weak economic data forced the central bank to lower its inflation outlook.
The central bank predicts that price growth will average 1.5 percent in 2020 and 1.6 percent the following year, below the medium-term goal of below, but close to, 2 percent.
“If the ECB had an inflation target between 1 percent and 1.5 percent, then their policy would be fine,” Orphanides said in a phone interview. “The rule is objectively suggesting what the ECB should do if it could act an independent institution — right now the rule says they should ease policy.”
The central bank committed in March to keep interest rates low for longer and announced a new round of long-term bank loans. However, the stimulative impact of the measure is set to remain unclear for months as policy makers are still haggling over the details.
The Orphanides rule links changes in interest rates to the gap between inflation projections one year ahead and the target, as well as the difference between forecast growth rates and those an economy can achieve in the long run.
Δi = 0.5 (π − π∗) + 0.5 (Δq − Δq∗)
The main difference versus the Taylor Rule — which has inspired officials around the world since the early 1990s — is that it doesn’t consider difficult to measure concepts such as the output gap.
“Because the rule can be implemented on the basis of short-term forecasts for growth and inflation that were available at the time of the policy decision, it is an easy way of constructing a real-time policy benchmark that is not contaminated by ex-post information,” Philipp Hartmann and Frank Smets, two of the ECB’s top economists, wrote in a December paper, one week after President Mario Draghi put a cap on asset purchases.
While neither the ECB nor other major central banks rely on prescriptive rules for setting policy, economists like Orphanides and Stanford University’s John Taylor have argued they are useful tools to evaluate and communicate decisions.
The Taylor Rule has lost popularity in recent years because it has fallen out of whack with reality. For the euro area, it suggests a benchmark rate of around 3 percent, instead of the minus 0.4 percent currently in place.
Central bankers generally reject a strict adherence to rules as too rigid for complex economies. While flexibility is also valued at the ECB where policy makers grapple with slowing global trade, unclear plans for Brexit and softer growth in China, Orphanides sees politics at play.
“If the ECB were independent and free of political constraints it would have admitted that stopping additional bond purchases was a mistake and started buying again in March,” he said. “Uncertainty can often be used as an excuse not to do anything.”
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More https://worldwide-finance.net/news/commodities-futures-news/ecbs-remarkable-formula-suggests-more-easing-necessary
