Weber Says ECB May Take Further Exit Steps in First Half

January 27, 2010 Share Print 0

European Central Bank council member Axel Weber said the bank may take further steps in the first half of this year to withdraw liquidity from the banking system as the economy gathers strength.

Ã¢â‚¬Å“As the economy improves, weÃ¢â‚¬â„¢ll take some of the exceptional measures back. Not all measures are needed to the same degree, so I donÃ¢â‚¬â„¢t rule out that we take some additional steps even before the second half.Ã¢â‚¬Â

Bloomberg

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.