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Oct 15, 2013

ECB’s Praet says euro fx rate within normal range

MUNICH (Reuters) – The euro is trading within a relatively normal band in foreign exchange markets at the moment, European Central Bank Executive Board member Peter Praet said on Tuesday, indicating it is not a great worry for the central bank.

Praet, who has the powerful economics portfolio within his remit, also said that U.S. budget problems were not affecting the central bank’s monetary policy yet.

Oct 15, 2013

German investor sentiment rises on brighter euro outlook

MANNHEIM, Germany, Oct 15 (Reuters) – German analyst and
investor sentiment rose unexpectedly in October as tentative
signs of a euro zone recovery brightened the outlook for
Europe’s largest economy.

The Mannheim-based ZEW economic think tank’s monthly poll of
economic sentiment, published on Tuesday, rose to 52.8 in
October from 49.6 in the previous month, its highest level since
April 2010. A Reuters poll of 36 economists had forecast the
index would remain unchanged.

Oct 9, 2013

Asmussen says ECB can cut rates, take other options

FRANKFURT (Reuters) – The European Central Bank still has room to cut interest rates or use non-traditional measures to ease policy and aid the euro zone economy, ECB Executive Board member Joerg Asmussen said on Wednesday.

Non-standard options include offering banks more long-term loans, stopping mopping up funds to offset the ECB’s bond purchases or reducing reserve requirements, he said.

Sep 26, 2013

Fed needs better way to signal policy, officials say

, Sept 26 (Reuters) – The
Federal Reserve confused financial markets over scaling back its
bond buying, three top officials said on Thursday, with one
arguing the central bank should link tapering to drops in the
jobless rate and another calling for a broad remake of strategy.

Fed Board Governor Jeremy Stein said he would have been
comfortable with acting at the Sept. 17-18 meeting, and the
decision to keep buying bonds at an $85 billion monthly pace had
been, for him, a “close call”.

Sep 26, 2013

Easy central bank policy risks new crises – Rajan

FRANKFURT (Reuters) – Central banks risk sparking new crises by keeping their loose policy in place for too long, Reserve Bank of India’s (RBI) head said on Thursday.

Central bankers were “heroes” for restoring financial stability during the financial crisis, but it was not clear they could be called the same for restoring economic growth, Raghuram Rajan, the governor of RBI, said.

Sep 26, 2013

Easy central bank policy risks new crises – Reserve Bank of India’s Rajan

FRANKFURT, Sept 26 (Reuters) – Central banks risk sparking
new crises by keeping their loose policy in place for too long,
India’s central bank head said on Thursday.

Central bankers were “heroes” for restoring financial
stability during the financial crisis, but it was not clear they
could be called the same for restoring economic growth, Raghuram
Rajan, the governor of the Reserve Bank of India, said.

Sep 26, 2013

Fed officials admit communication problems over taper

FRANKFURT/STOCKHOLM (Reuters) – The Federal Reserve confused financial markets over scaling back bond buying, two senior officials said on Thursday, with one arguing the central bank should explicitly link tapering to drops in the jobless rate to be more predictable in the future.

Fed Board Governor Jeremy Stein said he would have been comfortable with acting at the September 17-18 meeting, and the decision to keep buying bonds at an $85 billion monthly pace had been, for him, a “close call”.

Sep 26, 2013

Fed’s Stein: need to be more predictable on bond taper

FRANKFURT (Reuters) – The Federal Reserve should make itself more predictable about scaling back its massive bond buying campaign, a top U.S. central banker said on Thursday, acknowledging that it had confused markets by not tapering at its meeting last week.

Fed Governor Jeremy Stein said he would have been comfortable starting to reduce asset purchases at the September 17-18 meeting, and that the decision to keep buying at an $85 billion monthly pace had been, for him, a “close call”.

Sep 21, 2013

Merkel concludes campaign trying to fend off Eurosceptic threat

BERLIN/FRANKFURT (Reuters) – Angela Merkel wrapped up her re-election campaign on Saturday with an appeal to defend Europe and her center-right coalition against Eurosceptics who threaten to break into the German parliament for the first time in Sunday’s election.

With a third of the 62 million voters still undecided and the small Alternative for Germany (AfD) tapping into impatience with euro zone bailouts, Europe’s most powerful leader risks spending her third term in an awkward right-left coalition.

Sep 21, 2013

Merkel concludes campaign trying to fend off Eurosceptic threat

BERLIN/FRANKFURT, Sept 21 (Reuters) – Angela Merkel wrapped
up her re-election campaign on Saturday with an appeal to defend
Europe and her centre-right coalition against Eurosceptics who
threaten to break into the German parliament for the first time
in Sunday’s election.

With a third of the 62 million voters still undecided and
the small Alternative for Germany (AfD) tapping into impatience
with euro zone bailouts, Europe’s most powerful leader risks
spending her third term in an awkward right-left coalition.

    • About Sakari

      "I am part of the Reuters team covering the European Central Bank. Before moving to Frankfurt in early 2009, I was based in Helsinki, where I wrote about the Finnish economy and paper industry."
      Joined Reuters:
      2006
      Languages:
      Finnish, English, German, Swedish
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