Articles
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RBI eases overseas borrowing norms for housing, aviation
The move, is expected to help firms engaged in core sector projects to access funds more easily and help restart the economy's growth engines. #RBI #Aviation #Housing #PolicyWatch #ECB #overseas borrowing
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Europe and US may have caught the Japanese disease
Japan went into long-term deflation two decades ago. The signs are that even with huge printing of money, Europe is headed there, and so is the US #Inflation #Economy #US #recession #US Fed #ECB #Easy Money
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ECB cuts interest rates for first time in 10 months
The ECB lowered its main interest rate by a quarter point to a new record low of 0.50 percent in response to a drop in inflation well below its target level, and rising unemployment. #Inflation #Europe #Unemployment #ECB #Rate cut
Blog posts
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ECB, RBI traversing rough fiscal waters in same boat
ECB and RBI will do what must be done but the fact is that both the central banks have to deal with fiscal pressures using monetary tools and that by itself reduces their independence by a wide margin. #RBI #fiscal deficit #PolicyWatch #ECB
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The euro debt crisis isn't over; it's the ECB opening the taps
Yields on eurozone debt have fallen, but don't assume that the crisis is abating. This is just the result of the ECB's liquidity boosting activities. #Eurozone crisis #Bond yields #ECB #NotJobsButPassion
Wire
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Naked CapitalismYanis Varoufakis: Monetising the… ECB: The latest insult to be added to Greece’s multiplying injuries
By Yanis Varoufakis, a professor of economics at the University of Athens. Cross-posted from his blog. Last week another installment of the cruel theatre of the absurd, also known as the ‘Greek Rescue’ (and more recently re-released as ‘Greece’s success #Athens #European Central Bank
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Economic TimesBanks to repay 8.1 bn euros of ECB crisis loans
FRANKFURT: Banks will return early 8.123 billion euros ($10.48 billion) of crisis loans to the European Central Bank next week after the ECB cut its main interest rate to a fresh record low of 0.5 percent earlier this month. ECB President Mario Draghi sa #European Central Bank #Mario Draghi
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THISDAY LIVEECB Eyes Supervisor Role to Squeeze Weak Banks
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its financial support, people familiar with the matter say. Such a hardening of approach would keep ECB funding flowin #European Central Bank