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’Trichet on rating requirement for Portugal: whatever, don’t worry about it
UPDATE: Yep, looks like the ECB now accepts promises as high-quality collateral (we say in jest… somewhat).
Here’s the official announcement:
7 July 2011 – ECB announces change in eligibility
‘Monitor very closely’
Code word time again. Trichet at Thursday’s ECB rates decision (held, at 1.25 per cent) presser:
With interest rates across the entire maturity spectrum remaining low and the monetary policy stance still accommodative,
UBS bears ECB gifts
UBS’s European fixed income team are clearly feeling the Christmas spirit.
They’ve devised something of a Christmas gift-list for ECB council members, to (ahem) “show their appreciation” for the central bank:
Trichet against European omnibond
Alright, he didn’t call it that.
But he did say he was against the idea of “joint securities” (via Reuters):
I think what is very, very important is that we not only prevent the banking sector from very,
Bernanke is no Toto to the Wizard of Oz
There is a lot of friction between politicians and central banks. So much heat, so little light. Lawmakers are throwing their weight around.
The Bank of England alone is still ahead of the politicians.
La rupture Sarkozy: ECB to keep rates steady next week
While the ECB is insisting that the “options still remain open” for the possibility of a rate rise next week, others in the Eurozone are banking on a freeze.
Jean-Claude Trichet, the ECB’s president,