ECB set to hold fire on rates, eyes risks from Ukraine conflict



The ECB cut interest rates to record lows in June, became the first major central bank to charge banks for holding their deposits overnight and launched a new ultra-cheap, four-year loan programme, dubbed TLTROs, to be rolled out later this year.
"After the fireworks in June, it is not the time to take fresh measures because the ECB wants to wait and see how things develop," said Reinhard Cluse, economist at UBS. "The ECB wants to keep its powder dry."
None of the 64 economists in a Reuters polled expect any change to the refinancing or deposit rates when the Governing... read more

 
7 August 2014 in Business, Views: 28
Source: Reuters
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