OctaFX | OctaFX Forex Broker
Open trading account

ECB’s De Guindos: Monetary policy accommodation continues to support lending volumes

Luis de Guindos, Vice-President of the European Central Bank (ECB), delivered a speech titled ‘The euro area financial sector: opportunities and challenges” at the XXVI Santander Iberian Conference on Thursday.

Key Quotes:

The weaker cyclical momentum and the low interest rate environment are weighing on bank profitability.

These weak profitability prospects represent a significant vulnerability for the euro area banking system, which is operating with significant overcapacity.

At the same time, monetary policy accommodation continues to support lending volumes and banks have made significant progress in repairing their balance sheets.

Nevertheless, a rebalancing of the current composition of capital requirements towards a more prominent role for the countercyclical capital buffer, keeping the overall level of capital requirements unchanged, could help mitigate costly economic deleveraging during downturns.

Bearish bets on Singapore dollar climbed to highest in over five months – Reuters poll

According to the latest Reuters poll, investors turned bearish on most Asian currencies in a fortnight amid concerns over the economic impact of China
Read more Previous

Copper Futures: Recovery expected to continue

According to preliminary readings from CME Group for Copper futures markets, open interest and volume increased by around 4.7K contracts and around 17
Read more Next
Start livechat