26 Mar 2014
Buba President not adverse to QE - Danske Bank
FXStreet (Barcelona) - Sverre Holbek, Senior Analyst at Danske Bank notes plenty of talk from central bank policymakers on both sides of the Atlantic yesterday.
Key Quotes
“Most notably, Bundesbank President Weidmann told an audience in Berlin that quantitative easing (QE) was not ‘out of the question’ and also mentioned negative rates as the most appropriate measure to tackle a strong appreciation of the euro.”
“However, Weidmann also said that these measures are ‘uncharted territory’ and he highlighted several practical challenges to QE, indicating that he remains opposed to such measures.”
“In the US, among several other speakers, president of the Atlanta Fed Lockhart commented on the timeframe between the end of QE and the first hike, saying that the six months mentioned by Chairman Yellen are in his view a minimum, not a maximum.”
Key Quotes
“Most notably, Bundesbank President Weidmann told an audience in Berlin that quantitative easing (QE) was not ‘out of the question’ and also mentioned negative rates as the most appropriate measure to tackle a strong appreciation of the euro.”
“However, Weidmann also said that these measures are ‘uncharted territory’ and he highlighted several practical challenges to QE, indicating that he remains opposed to such measures.”
“In the US, among several other speakers, president of the Atlanta Fed Lockhart commented on the timeframe between the end of QE and the first hike, saying that the six months mentioned by Chairman Yellen are in his view a minimum, not a maximum.”