Draghi Said Ready to Repeat Policy Guidance After Any Rate Cuts
2014-06-03 18:46:36.157 GMT
By Jana Randow and Stefan Riecher
June 3 (Bloomberg) -- Mario Draghi is likely to signal that
any interest-rate cut this week won’t necessarily be the final
one, according to two euro-area central bank officials who asked
not to be identified because talks aren’t public.
* Repeat of ECB guidance would signal more rate cuts possible
* ECB said to debate benchmark, deposit rate cuts of 10 or 15
basis points
* Final decision won’t be made until June 5
* Package of measures may include program modeled on BOE’s
Funding for Lending Scheme, proposal could see ECB offering
banks funding equivalent to 5% of outstanding loan
portfolios, one of the people said
* Officials to significantly lower 2014 inflation outlook from
March 1% forecast, one of the people said
* Will keep 2016 growth forecast, keep all other
projections broadly unchanged
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Jana Randow in Frankfurt at +49-69-92041-206 or
jrandow@bloomberg.net;
Stefan Riecher in Frankfurt at +49-69-92041-341 or
sriecher@bloomberg.net
To contact the editors responsible for this story:
Paul Gordon at +49-69-92041-224 or
pgordon6@bloomberg.net
Madeleine Lim
2014-06-03 18:46:36.157 GMT
By Jana Randow and Stefan Riecher
June 3 (Bloomberg) -- Mario Draghi is likely to signal that
any interest-rate cut this week won’t necessarily be the final
one, according to two euro-area central bank officials who asked
not to be identified because talks aren’t public.
* Repeat of ECB guidance would signal more rate cuts possible
* ECB said to debate benchmark, deposit rate cuts of 10 or 15
basis points
* Final decision won’t be made until June 5
* Package of measures may include program modeled on BOE’s
Funding for Lending Scheme, proposal could see ECB offering
banks funding equivalent to 5% of outstanding loan
portfolios, one of the people said
* Officials to significantly lower 2014 inflation outlook from
March 1% forecast, one of the people said
* Will keep 2016 growth forecast, keep all other
projections broadly unchanged
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Jana Randow in Frankfurt at +49-69-92041-206 or
jrandow@bloomberg.net;
Stefan Riecher in Frankfurt at +49-69-92041-341 or
sriecher@bloomberg.net
To contact the editors responsible for this story:
Paul Gordon at +49-69-92041-224 or
pgordon6@bloomberg.net
Madeleine Lim