Back
9 Jun 2014
ECB´s Noyer: Asset quality review should lift doubts on Eurozone banks
FXStreet (Barcelona) - ECB Governing Coucil member and Bank of France president Christian Noyer said in a speech delivered at the International Economic Forum of the Americas in Montreal that the ongoing asset quality review of Eurozone's financial institutions should lift doubts regarding the banks' health.
Moreover, Noyer explained that the ECB full-allotment tool was a different form of QE.
“Full-allotment has been the ECB policy for years now, so this is nothing new,” Jamie Coleman points out on FXBeat. “It simply means that the ECB will lend unlimited amount to banks at the main refinancing rate, now at 0.15%. That has been the case, literally for the last several years.”
Moreover, Noyer explained that the ECB full-allotment tool was a different form of QE.
“Full-allotment has been the ECB policy for years now, so this is nothing new,” Jamie Coleman points out on FXBeat. “It simply means that the ECB will lend unlimited amount to banks at the main refinancing rate, now at 0.15%. That has been the case, literally for the last several years.”