FOREX TradingCharts.com

Financial News: ECB Chief Says Monetary Policy Not Harming Banks'

ECB Chief Says Monetary Policy Not Harming Banks' Profitability

11/17/2017 - 05:15:00 (RTTNews)

(RTTNews) - There is little evidence that the monetary policy is currently doing harm to banks' profitability, European Central Bank President Mario Draghi said Friday.

"If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus on the other main components of profitability, such as the quality of loans and therefore on loan-loss provisions," he said in a speech in Frankfurt.

Further, he said the currency bloc is in the midst of a solid economic expansion.

"From the ECB's perspective, we have increasing confidence that the recovery is robust and that this momentum will continue going forward," he said.

Ensuring price stability is a precondition for the economy to be able to grow along a balanced path that can be sustained in the long run, Draghi said. "This is the guiding principle of all our monetary policy decisions."

Draghi said quantitative easing could be extended beyond September 2018, if necessary. An ample degree of monetary stimulus remains necessary for underlying inflation pressures to build up and support inflation over the medium term, he noted.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


South Korea Money Supply Growth Accelerates Slightly (37 min(s), 05 sec(s) ago)
(RTTNews) - South Korea's money supply growth accelerated marginally in October after remainin ...Full Story»

Japan Core Machine Orders Spike 5.0% In October (09 min(s), 05 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan jumped a seasonally adjusted 5.0 percent on ...Full Story»

ARGENTINA: Merval Rises 0.37% With Reforms, Inflation And Interest Rate (10 min(s), 05 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose for the third consecut ...Full Story»

MERCOSUR: Free Trade Agreement With EU Expected This Month, Says Minister (03 min(s), 05 sec(s) ago)
(RTTNews) - Argentinean Foreign Minister Jorge Faurie is optimistic about the possibility of signi ...Full Story»

MEXICO: Industrial Output Drops The Most Since September 2016 (51 min(s), 05 sec(s) ago)
(RTTNews) - Mexico's industrial production fell 1.1% in October from a year before, after decl ...Full Story»

ARGENTINA: Tax Reform Is Essential To Boost Job Creation, Says Minister (42 min(s), 05 sec(s) ago)
(RTTNews) - The tax system reform in Argentina is essential because the current framework is "ineq ...Full Story»

Japan Core Machine Orders Jump 5.0% In October (39 min(s), 05 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan spiked a seasonally adjusted 5.0 percent on ...Full Story»

COLOMBIA: S&P Sent Warning Message About Budget Deficit, Says Minister (28 min(s), 05 sec(s) ago)
(RTTNews) - Colombian Finance Minister Mauricio Cárdenas said that following the Standard & P ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

South Korea Money Supply Growth Accelerates Slightly

12/12/2017 - 23:13 PM (RTTNews)
(RTTNews) - South Korea's money supply growth accelerated marginally in October after remainin ...Full Story>>

ARGENTINA: Merval Rises 0.37% With Reforms, Inflation And Interest Rate

12/12/2017 - 19:46 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, rose for the third consecut ...Full Story>>

Japan Core Machine Orders Spike 5.0% In October

12/12/2017 - 19:45 PM (RTTNews)
(RTTNews) - The value of core machine orders in Japan jumped a seasonally adjusted 5.0 percent on ...Full Story>>

MERCOSUR: Free Trade Agreement With EU Expected This Month, Says Minister

12/12/2017 - 19:39 PM (RTTNews)
(RTTNews) - Argentinean Foreign Minister Jorge Faurie is optimistic about the possibility of signi ...Full Story>>

MEXICO: Industrial Output Drops The Most Since September 2016

12/12/2017 - 19:27 PM (RTTNews)
(RTTNews) - Mexico's industrial production fell 1.1% in October from a year before, after decl ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.