World Business News

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Euro central banker says ECB will become the odd one out

Zone(s): Europe ¦ Sector(s): Finance
[9 June 2014, CITY A.M.]  The monetary policies of the European Central Bank (ECB) will be moving in the opposite direction to their US and UK equivalents for several years, according to a senior policymaker.

Benoit Coeure, an economist on the ECB’s executive board, told a French radio station this weekend that the interest rate stances of some of the world’s largest central banks “will diverge” for a period of “several years”.

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