Nov 5th, 2009 - Bloomberg
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Nov. 5 (Bloomberg) -- The European Central Bank took itsfirst step toward removing emergency stimulus measures designedto haul its economy out of recession, saying it won’t offercommercial banks 12-month loans next year.
“Not all our liquidity measures will be needed to the sameextent as in the past” as the economy recovers, ECB PresidentJean-Claude Trichet said at a press conference in Frankfurttoday after the bank kept its benchmark interest rate at arecord low of 1 percent. Markets don’t expect the ECB to prolongits offer of 12-month money beyond December and Trichet said hewould “say nothing to dispel this present sentiment.”
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Bank of England Adds to Stimulus, E.C.B. Holds Pat
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ECB Keeps Key Rate at Record Low of 1%, May Move Closer to Exit
Nov 5th, 2009 - Bloomberg
Nov. 5 (Bloomberg) -- The European Central Bank may signalit’s moving closer to withdrawing emergency stimulus measuresafter leaving its benchmark interest rate at a record low today.
Related videos from YouTube:
1:32ECB, BoE leave rates unchanged
Trichet signals exit strategy
1:33September 25: US exit stragey
Panel 1 US exit strategy Reducing stimulus Loans to banks Down US$350 bln Panel 2 Fed, ECB, Swiss, BoE US liquidity injections To be withdrawn S&P500 down Panel 3 US home sales down First fall in 5 months NZ$ at 71.3 USc RBNZ intervention?
1:55Juncker, Lagarde, Almunia Arrive at Eurogroup Talks
00:00:13 Cutaway 00:00:18 SOUNDBITE (English) Jean-Claude Juncker: Time has not yet come to withdraw the fiscal stimulus, we have to continue this effort, in the course of this year and next year, then we have to agree on an exit strategy, we will discuss this ...
1:33September 25: US exit strategy
Panel 1 US exit strategy Reducing stimulus Loans to banks Down US$350 bln Panel 2 Fed, ECB, Swiss, BoE US liquidity injections To be withdrawn S&P500 down Panel 3 US home sales down First fall in 5 months NZ$ at 71.3 USc RBNZ intervention?
