Arab Today, arab today ecb speculation on rate cuts is wild
Last Updated : GMT 07:11:16
Arab Today, arab today
Arab Today, arab today

ECB :Speculation on rate cuts is wild

Arab Today, arab today

Arab Today, arab today ECB :Speculation on rate cuts is wild

Frankfurt - Arabstoday

Speculation of a sharp cut in Euro-zone interest rates next month is \"wild\", European Central Bank policymaker Yves Mersch said Monday, but colleague Ewald Nowotny said cuts could not in general be ruled out. European stock markets surged Monday on the idea that the bank could slash its 1.5 per cent main rate by a half-point on October 6, taking back rises it made earlier this year in a bid to dig the European economy out of a deepening crisis. There are substantial barriers to it doing so, however, not least that the meeting would conclude ECB President Jean-Claude Trichet\'s term of office with a dramatic U-turn. \"These wild expectations only show that some people have lost the north,\" Mersch told news agency Market News International in an interview conducted on Saturday. \"We have one needle in our compass.\" Policy horizon The phrase is often used by ECB policymakers to refer to them abiding by the central bank\'s mandate of keeping inflation below, but close to 2 per cent. Euro zone inflation stood at 2.5 per cent in August although it is expected to drop off over the policy horizon the bank uses to guide rate decisions. European policymakers have begun working on new ways to stop fallout from Greece\'s near-bankruptcy from inflicting more damage — some fear the fallout could match or exceed that of the 2008 collapse of Lehman Brothers. ECB officials signalled on Friday that the bank could be set to restart to offer banks 12-month funds in its liquidity operations to help banks struggling with their fund-raising. Analysts read Nowotny\'s comments as opening the door to a cut in headline rates as well — although his language used neutral wording policymakers often use to avoid giving a clear steer and gave no indication of timing. \"The ECB never pre-commits, and rate cuts cannot be excluded,\" Nowotny, who also heads the Austrian National Bank, told news agency Market News International.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ecb speculation on rate cuts is wild Arab Today, arab today ecb speculation on rate cuts is wild

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday