Tuesday , June 27 2017

Banking

Negative rates get ‘negative’ reviews at Como conference

Bloomberg Negative interest rates, one of the latest central bank experiments to goad economies back into growth, got low marks at a financial and economic conference along Lake Como. Richard Koo, the chief economist at Nomura Research Institute, said such rates were “intellectually bankrupt.” Olivier Blanchard, the former chief economist ...

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ECB’s Mersch warns of returns’ dip in Central Bank Action

BLOOMBERG Central banks’ extraordinary measures to spur growth may eventually show diminishing returns while a key part of the European Central Bank’s quantitative easing programme carries a “certain risk” that has been mitigated, ECB Executive Board member Yves Mersch said. Mersch, in a speech to the Ambrosetti Workshop in Cernobbio ...

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