Free Trial

Question on are there diminished returns to.....>

ECB
ECB: Question on are there diminished returns to mon pol instruments?
- A: Maybe, but that doesn't mean we shouldn't use them. ECB are not resigned to
secular stagnation. That's why the ECB will act if no improvement. 
Q: What would cut in deposit rate achieve?
- A: Gives usual unchanged transmission channel answer affecting short-end of
yield curve. Long-end affected by QE. The committee looking for new things if
there are any.

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.