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ECB policy increases risk of bubbles – ECB’s Knot

FXStreet (Mumbai) - The European Central Bank (ECB) member Knot was on the wires today stating that the bank’s accommodative monetary policy (low interest rate, negative deposit rate and monthly QE program) increases risks of bubbles.

Knot further added that the ECB must maximize effectiveness of its QE program. The bank currently purchases bonds worth EUR 60 billion per month. Off late the ECB policymakers have took turns in playing down the need to do more QE.

WTI tests $ 50 ahead of EIA inventory report

WTI oil on NYMEX rallied on Wednesday, having booked heavy gains in the previous session, as oil traders cheer the news over declining US output while Russia’s willingness for oil market consultations keep the black gold supported.
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US: Light calendar with Fed’s Williams in focus - BBH

Research Team at BBH, suggest that the US economic calendar is light today and Williams is the only Fed official scheduled to speak, and his views are now well known.
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