Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

ECB will continue current policy until conditions improve, Vasle says

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2019 | 05:50am EST
FILE PHOTO: European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt

BRDO PRI KRANJU, Slovenia (Reuters) - The European Central Bank is determined to maintain its present monetary policy until conditions improve, ECB governing council member Bostjan Vasle told a banking conference on Friday.

He said the ECB believes interest rates should remain low for a "longer period", adding that ECB policy was aimed at influencing short-term and long-term interest rates.

"We are aware that the room for adopting further instruments is probably reducing and could lead to conditions when the effectiveness of instruments will be even smaller while their negative effects will be getting bigger," Vasle said.

Consequently, euro zone states need to accompany ECB monetary policy with structural and fiscal reforms that will promote economic growth, raise productivity and address challenges of the ageing population, he said.

Global risks and uncertainties are rising, mainly because of trade disputes, uncertainties regarding Brexit and slowing economic growth in China, he said.

"The key factors that are slowing down growth and increasing uncertainty are coming from the economic policy-makers ... and are not a result of internal imbalances," Vasle said.

He urged banks to lend more to companies but warned that ample liquidity of banks could lead them into riskier investments that might threaten financial stability.

By Marja Novak

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
09:34aMONETARY CONDITIONS ABOUT RIGHT GIVEN THE ECONOMIC SITUATION : Bank of Canada's Poloz
RE
09:30aU.S. labor market slowing; manufacturing mired in weakness
RE
09:29aXerox threatens to go hostile with HP buyout offer
RE
09:22aWall Street set to open flat after mixed signals on trade
RE
09:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
09:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
09:15aVerizon, Snap to develop 5G augmented reality features
RE
09:10aSaudi Aramco IPO's institutional tranche receives $17 billion in orders - Al Arabiya
RE
09:09aManufacturing Activity Rises in November -- Philly Fed
DJ
09:04aCOMPUTE NORTH : Launches 100 Megawatt High-Performance Computing Campus in Nebraska
BU
Latest news "Economy & Forex"