DAVOS, Switzerland, Jan 24 (Reuters) – Central banks have
done their best to rescue the world economy by printing money
and politicians must now act fast to enact structural reforms
and pro-investment policies to boost growth, central bankers
said on Saturday.
Two days after the European Central Bank launched a bold
bond-buying drive to revive inflation in the euro zone, a top
ECB official warned that Europe’s common currency project could
come unstuck if the bloc limped on with sluggish growth and mass
DAVOS, Switzerland, Jan 22 (Reuters) – German Chancellor
Angela Merkel warned fellow European leaders on Thursday not to
ease off on economic reforms after the European Central Bank
announced bold new moves to bolster growth in the euro area.
Speaking to a large audience at the World Economic Forum in
Davos, Switzerland, just as ECB President Mario Draghi was
unveiling a hotly anticipated bond-buying programme, Merkel said
she understood why the recent debate over ECB policy had been
controversial given vast amounts of liquidity already sloshing
around in global markets.
DAVOS, Jan 22 (Reuters) – Aiding Swiss franc-denominated
mortgage holders by fixing their exchange rate at, for example,
December’s level could be disastrous for the homeowners,
Poland’s Finance Minister Mateusz Szczurek said on Thursday.
The Polish Banks’ Association head said earlier this week
some banks were working on a proposal to freeze Swiss
franc-denominated mortgage installments at the franc’s December
rate, in a reaction to a 20-percent Swiss franc surge against
the zloty since Switzerland abandoned its currency cap.