FROM THE MEDIA
Bloomberg: ECB needs at least two more significant rate hikes
“We need at least two more significant hikes before we enter the range of plausible estimates for neutral,” European Central Bank (ECB) Governing Council member Klaas Knot told Bloomberg. However, Knot signaled he wasn’t in favor of lifting rates by more than a three-quarter point. Read more
Finextra: Deutsche Bank and Fiserv launch combined payments and banking joint venture
Deutsche Bank and Fiserv have launched vert, a payment acceptance and banking services provider to small and medium-sized enterprises (SMEs). Vert promises clients faster payments, modern technology, acceptance of common payment types and an online dashboard providing transaction data, Finextra reports. Read more
Reuters: ECB's Villeroy lays out plan for shrinking balance sheet
The European Central Bank (ECB) should start shrinking its balance sheet once its interest rate is close to 2%, first by getting banks to repay their loans and then by whittling down its bond holdings, ECB policymaker Francois Villeroy de Galhau said. As reported by Reuters, Villeroy said it was too early to say whether the ECB should raise that rate by 50 or 75 basis points at its Oct. 27 meeting. Read more |
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