Live Updates 1) US banks warn the Fed over IOER rate cuts Story in the FT last night has US banks warning that they may start charging depositors, or even turn them away if the Fed cuts the interest on excessive reserves. The option to cut the IOER rate... 2) European morning Wrap : Plenty going on to start the week but we’re really none the wiser ECB’s Hansson says they are ready to cut rates furtherBOJ’s Kuroda says ultra-easing policy to continueECB’s Noyer says EZ has low inflation not deflationBank of Spain’s Linde says economic risks... 3) ECB stress tests approved by Moody’s but questions remain Moody’s is out with a report on the ECB’s “comprehensive assessment of all significant euro area banks”, and they say that it is credit positive. They give the positive verdict after saying that it... 4) Germany will only benefit if Europe does well say Merkel Europe is more than an internal marketMustn’t accept high unemployment in EuropeExcessive debt must be reducedGermany must not pile up more debtMust combine growth oriented policies and deficit cuts
Posted on: Mon, 25 Nov 2013 15:48:56 +0000