ECB Not Currently Planning Quantitative Easing, Noyer Tells Wiwo
2014-09-20 11:08:14.575 GMT
By Cornelius Rahn
Sept. 20 (Bloomberg) -- ECB not currently planning to
loosen its stability policy or to buy government bonds,
Wirtschaftswoche reports, citing ECB Governing Council member
Christian Noyer.
* ECB to monitor financial mkt reaction, including lending and
effect of new interest rates, to monetary policy measures
taken in June and Sept. before considering QE: Wiwo cites
Noyer
* Noyer agrees with Bundesbank’s Weidmann’s criticism of
asset-backed security program; ECB has to verify quality of
loan securitizations before purchase
* Noyer doesn’t see deflation in euro zone; council agrees
that low inflation dangerous if it persists because it hurts
ECB’s credibility and limits range of actions it can take
* Euro area shouldn’t add new members at this time as decision
processes become more cumbersome
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Cornelius Rahn in Berlin at +49-30-70010-6212 or
crahn2@bloomberg.net
To contact the editor responsible for this story:
Kenneth Wong at +49-30-70010-6215 or
kwong11@bloomberg.net
2014-09-20 11:08:14.575 GMT
By Cornelius Rahn
Sept. 20 (Bloomberg) -- ECB not currently planning to
loosen its stability policy or to buy government bonds,
Wirtschaftswoche reports, citing ECB Governing Council member
Christian Noyer.
* ECB to monitor financial mkt reaction, including lending and
effect of new interest rates, to monetary policy measures
taken in June and Sept. before considering QE: Wiwo cites
Noyer
* Noyer agrees with Bundesbank’s Weidmann’s criticism of
asset-backed security program; ECB has to verify quality of
loan securitizations before purchase
* Noyer doesn’t see deflation in euro zone; council agrees
that low inflation dangerous if it persists because it hurts
ECB’s credibility and limits range of actions it can take
* Euro area shouldn’t add new members at this time as decision
processes become more cumbersome
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Cornelius Rahn in Berlin at +49-30-70010-6212 or
crahn2@bloomberg.net
To contact the editor responsible for this story:
Kenneth Wong at +49-30-70010-6215 or
kwong11@bloomberg.net