FRANKFURT, Germany (AP) ? The European Central Bank will likely keep its interest rates and emergency credit programs on hold on Thursday, as it monitors the positive impact that its massive loans to banks have had on financial markets. President Mario Draghi, however, will likely face questioning at his post-decision news conference about warnings from Germany's Bundesbank, about the risk the ECB has taken on by loosening rules for collateral on the emergency loans. After the first issue of emergency loans in December, it became clear that some banks were using the money to buy government bonds, lowering bond interest rates and borrowing costs for hard-pressed governments. With risks of bank failures due to the debt crisis effectively removed by that step, attention is turning to whether the money will ever make it to companies and consumers in the form of loans that could help the economy grow. [...] the Bank of England will be monitoring external developments such as the debt crisis brewing in nearby European countries, the strength of the economic recovery in the U.S. and the rise in oil prices, which is keeping inflation above target.
things to do in australia things to do in chicago with kids things to do in houston this weekend
No comments:
Post a Comment