13 May 2014
Buba backs ECB's possible use of stimulus measures
FXStreet (Łódź) - The Bundesbank declared today that it was willing to support the introduction of various stimulus measures by the ECB at the upcoming monetary policy meeting in June, if the central bank's staff cuts the inflation outlook for 2016.
Germany's central bank, known for its opposition against the adoption of unconventional easing measures to fight the crisis, allowed for the possibility of setting a negative deposit rate and purchasing of packaged bank loans if necessary.
ECB staff's updated inflation projections will be released on June 3, just before the monetary policy meeting scheduled for June 5.
The euro fell against the majority of major currencies following the news. It traded as low as 1.3699 per US dollar before bouncing back to 1.3715.
Germany's central bank, known for its opposition against the adoption of unconventional easing measures to fight the crisis, allowed for the possibility of setting a negative deposit rate and purchasing of packaged bank loans if necessary.
ECB staff's updated inflation projections will be released on June 3, just before the monetary policy meeting scheduled for June 5.
The euro fell against the majority of major currencies following the news. It traded as low as 1.3699 per US dollar before bouncing back to 1.3715.