ECB Monetary Policy Has Not Hurt Bank Profits

November 17, 2017 Share Print 0

European Central Bank (ECB) President Mario Draghi said Friday that the environment of low rates in the euro zone has not hurt the profits of European banks.”As regards bank profitability, ECB research finds little evidence that our monetary policy is currently doing harm,” Draghi told an audience in Frankfurt.The central bank has been under some criticism from bank managers for keeping interest rates too low for a long time. The lower that interest rates are, the less banks can charge customers for taking out loans. Many CEOs have therefore bemoaned the ultra-loose policy that the central bank has embarked upon.

Source: Draghi says ECB has not hurt banks’ profits – CNBC

Oil Close Leaves Longs Nervous

Turning the Page on Part One of Tax Reform

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Bio
Twitter
Latest Posts

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA

Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.