Markets Digest The Effects Of The European Central Bank’s Long Term Refinancing Operation (LTRO)

1 Mar

 

From the movements in the markets since the second round of LTRO, it is clear that the expected effect is far less confident than the LTRO in December 2011. Share values fell yesterday and overnight over Ben Bernanke’s (Federal Reserve’s Chairman’s) comments suggesting there would be no further monetary stimulus.

Bundesbank President Jens Weidmann warned of the ECB’s tactics at stemming the crisis in the Eurozone and called for stricter collateral rules to be applied. 

French presidential candidate Francois Hollande attempted to allay fears of the City of London on his visit to the UK. He insisted more regulation for the financial sector was needed.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: