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ECB’s Draghi: We have reached a contingency in short term
We have reached a contingency where political decisions are predominant over monetary policy decsions we can take in short term. Translation……..it’s down to the politicans now, not us Eurosystem will continue to supply liquidity to solvent banks where needed. We are not complacent when we say objectives of 3 year LTROs have been broadly met. Supply side constraints of bank credit have been removed. Inflation expectations remain well anchored. No inflation risk in any euro zone country. Should risks to price stability emerge, ECB has tools to act. General risk aversion dampening interbank lending. New ... (full story)
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- Jun 15, 2012 3:13am Jun 15, 2012 3:13am
- harry23
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"Study the past if you would define the future." Confucius
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- Jun 15, 2012 9:14am Jun 15, 2012 9:14am
- joao.mbranco
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