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Reuters Sources On Some Policymakers Favoring Raising Reserve Requirements

ECB
  • Bloomberg has recently run headlines from Reuters that the ECB plans to discuss how to tackle excess liquidity soon with some ECB policymakers favoring a raising of reserve requirements.
  • Original piece here, from about an hour ago, but with the re-upping by Bloomberg helping push EURUSD to session highs currently at 1.0693 (+0.34%).
  • “European Central Bank policymakers want to soon start discussing how to tackle the multi-trillion-euro pool of excess liquidity sloshing around banks, with raising reserve requirements a possible first move, six sources told Reuters.”
  • “Discussions on how to reduce excess liquidity will focus on three areas, the sources said: the amount of reserves banks must keep at the ECB, the unwinding of its bond-buying programmes and a new framework for steering short-term interest rates.”

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