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The European Central Bank’s message yesterday was pretty straight-forward: expect its exit strategy to be implemented gradually from December, when the last offer of one-year liquidity will be held. Full Article at Money Supply | Financial Times Blogs
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Nov. 6 (Bloomberg) -- European Central Bank council member Ewald Nowotny said the bank hasn’t decided yet whether to discontinue its 12-month loans next year, less than 24 hours after President Jean-Claude Trichet signaled next month’s offer is likely... Full Article at Bloomberg.com
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The ECB kept its main interest rate on hold at 1 percent for the sixth month in a row and ECB President Jean-Claude Trichet promised to announce a decision on the rest of the central bank's policy of flooding markets with cheap and abundant funds in... Full Article at International Business Times
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By Terence Roth LONDON -- The European Central Bank will begin absorbing excess liquidity from its monetary stimulus programs in a "timely" fashion, ECB President Jean-Claude Trichet said Thursday."Not all liquidity measures will be needed to the same... Full Article at Wall Street Journal
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The European Central Bank (ECB) will also hold policy meeting on Thursday November 5th. No policy change is expected. At last month's policy meeting the ECB elected to hold monetary policy unchanged. Full Article at International Business Times
Related Quotes
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In December we will conduct another one-year tender, we’ve already announced that ... That means making unlimited liquidity available for a year at one percent.
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We see that the downswing has been stopped, but also that the upswing is only a very weak one ... The question that we have to ask, in my opinion, is whether we will succeed in turning this weak upswing into a stronger dynamic for the euro area, or are we facing the problem of heading into a lost decade...
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Banks should prepare for the progressive withdrawal of medicine administered by central banks
SOURCE: China Post
