NewsFeeder
08-29-2017, 07:30 AM
COLUMN-Euro casts cloud over ECB, but for once the uncertainty is welcome: McGeever
The euro powered above $1.20 for the first time in over two years on Tuesday, sowing doubts over how the European Central Bank might respond at a policy meeting next week. In that light, any prospect that the ECB will delay the process of winding down its bond purchases - essentially pushing back its return to policy tightening - will be met with a sigh of relief. With the 19-nation euro zone economy at its strongest in six years, policymakers want to begin the process of reducing their bond buying, thereby gradually removing the huge monetary stimulus that has largely underpinned that very recovery.
https://finance.yahoo.com/news/column-euro-casts-cloud-over-122353112.html?.tsrc=rss
The euro powered above $1.20 for the first time in over two years on Tuesday, sowing doubts over how the European Central Bank might respond at a policy meeting next week. In that light, any prospect that the ECB will delay the process of winding down its bond purchases - essentially pushing back its return to policy tightening - will be met with a sigh of relief. With the 19-nation euro zone economy at its strongest in six years, policymakers want to begin the process of reducing their bond buying, thereby gradually removing the huge monetary stimulus that has largely underpinned that very recovery.
https://finance.yahoo.com/news/column-euro-casts-cloud-over-122353112.html?.tsrc=rss