Draghi May Hint at More QE Measures, Wellink Tells de Telegraaf
2015-01-20 08:11:51.573 GMT
By Corina Ruhe
(Bloomberg) -- Former ECB Governing Council member Nout
Wellink says in an interview with de Telegraaf about ECB
President Mario Draghi that “I don’t exclude that he will
announce on Thursday that the desired balance-sheet increase of
EU1,000b is an intermediate target.”
* Says it’s not clear that banks will lend more when ECB buys
government bonds, credit demand is limited, banks say they
don’t need QE to be able to lend more
* Says there’s not a threat of deflation, Europe has entered a
prolonged period of low inflation
* NOTE: Wellink was president of the Dutch central bank
1997-2011
* NOTE: Draghi’s Big Push Seen Delivering $640 Billion With QE
* NOTE: Draghi Weighs QE Compromise Showcasing Shortfall in
Euro Unity
For Related News and Information:
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To contact the reporter on this story:
Corina Ruhe in Amsterdam at +31-20-589-8526 or
cruhe@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net
2015-01-20 08:11:51.573 GMT
By Corina Ruhe
(Bloomberg) -- Former ECB Governing Council member Nout
Wellink says in an interview with de Telegraaf about ECB
President Mario Draghi that “I don’t exclude that he will
announce on Thursday that the desired balance-sheet increase of
EU1,000b is an intermediate target.”
* Says it’s not clear that banks will lend more when ECB buys
government bonds, credit demand is limited, banks say they
don’t need QE to be able to lend more
* Says there’s not a threat of deflation, Europe has entered a
prolonged period of low inflation
* NOTE: Wellink was president of the Dutch central bank
1997-2011
* NOTE: Draghi’s Big Push Seen Delivering $640 Billion With QE
* NOTE: Draghi Weighs QE Compromise Showcasing Shortfall in
Euro Unity
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Corina Ruhe in Amsterdam at +31-20-589-8526 or
cruhe@bloomberg.net
To contact the editor responsible for this story:
Fergal O’Brien at +44-20-3525-7152 or
fobrien@bloomberg.net