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The European Central Bank will continue putting a "floor" under market interest rates in the years to come, but banks will play a greater role in deciding how much liquidity they want, four sources told Reuters. The ECB is reviewing how it steers short-term interest rates in a new era in which inflation is higher and the massive amount of cash pumped into the banking system via stimulus programmes over the last decade is no longer needed and even creates some unwanted side-effects. For much of the past 10 years the mechanism was simple: The ECB kept rates at zero or lower and flooded banks with more cash than they needed via bond purchases and loans, to encourage them to lend and revive inflation that was then too low. ....
Deutsche Bank on Thursday posted a 30% drop in fourth-quarter profit as restructuring costs and other one-off expenses outweighed revenue gains, but the fall was not as steep as analysts feared.. ....
ECB has tamed the inflation 'beast', policymaker Nagel says | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
The European Central Bank has tamed the greedy beast of inflation, ECB policymaker Joachim Nagel said on Tuesday, in a departure from his usual cautious tone.. ....
The European Central Bank has tamed the "greedy beast" of inflation, ECB policymaker Joachim Nagel said on Tuesday, in a departure from his usual cautious tone. The ECB has raised its interest rates by the most in the euro's history in an effort to bring inflation down from double-digits. Nagel, who had previously described inflation as "stubborn" and a "greedy beast", struck a more optimistic note on Tuesday. ....