ECB Draghi Still Seeking Liquidity Tools

October 30, 2013 Share Print 0

When the European Central Bank president decided in 2011 to provide euro-region banks with three-year loans to ease a credit crunch, liquidity and interest-rate policies were separate issues. Now, cheap funding has the potential to affect the ECB’s interest-rate guidance and prompt banks to shore up their balance sheets rather than boost lending to companies and households as they undergo a review of their accounts.

via Bloomberg

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.