Reuters logo
Forward guidance on rates, QE not easy for ECB - Asmusssen
April 25, 2013 / 8:26 AM / in 5 years

Forward guidance on rates, QE not easy for ECB - Asmusssen

LONDON, April 25 (Reuters) - Providing forward guidance on future interest rates of the type of large scale asset purchases being used by other major central banks would not be easy to apply in the euro zone, one of the ECB’s top policymakers said on Thursday.

“Large scale asset purchase programmes targetted at capital markets would not be very helpful in the euro area,” ECB Executive Board member Joerg Asmussen said at an Economist banking conference.

“Policies like forward guidance (on interest rates) or quantitative easing which aim to push down the risk free rate are not easily applicable,” he added

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below