Free Trial

From the conclusion of ECB Exec Board member....>

ECB
ECB: From the conclusion of ECB Exec Board member Schnabel's speech in
Karlsruhe, entitled "Narratives about the ECB's monetary policy - reality or
fiction?": "all monetary policy measures have side effects. They result in
distributional effects, have an impact on the survival of unprofitable firms and
harbour risks for financial stability. But it is primarily up to other
policymakers to counter such side effects. Distributional issues lie in the
remit of fiscal and social welfare policy. And containing risks in the financial
system is a task for financial market regulators and supervisors."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.