ECB President Says Money-Market Rates Too High (Reuters)
In anticipation of U.S. Federal Reserve tapering, bank-to-bank borrowing costs have risen. The European Central Bank (ECB) last week issued forward guidance that it could lower its own key interest rates, in order to counteract this rise. “The short-term money market rates at some point in time have been unwarranted and they are and we will continue with the same forward guidance,” ECB President Mario Draghi said Thursday at the official euro entry conference in Latvia, to reinforce this announcement.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:
Claim your free copy of Dr. Mark Skousen's and Tim Plaehn's new report:
High Yield Havens: 3 Dividend Plays To Safely Hold Forever
Access your free report below:
*By submitting your email, you'll receive this free report, along with complimentary access to Skousen CAFE' and Investors Alley, along with associated financial content and special offers. We value your privacy. You will not be spammed, ever. Period.