ECB's Constancio: Diverging Fed/ECB could have greater repercussions that in the past

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Bali) - European Central Bank vice president Constancio, speaking in HK, in a speech entitled 'Diverging monetary policies, global capital flows and financial stability', said diverging monetary policy between US and Eurozone could have greater global repercussions that in the past.

    Key headlines

    Sees 'potential spillovers' from zero lower bound exit

    Sees euro area spillovers smaller than those of US

    Sees risk of durable fragmentation of system

    With huge us dollar debt being created around the world without liquidity backstops, we are still far from having a global lender of last resort adequate for our times

    Sees monetary, financial system at 'a sort of crossroads'
    For more information, read our latest forex news.

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