Currency market official comments
focus market
10.05.2012 - 07:25
GERMANY Merkel: EMU debt crisis in focus at G8 Summit
Won't be one big bang solution for debt crisis
- Solving EMU debt crisis will be long, painful path
09.05.2012 - 13:41
Germany finmin Schaueble: “Greece needs strong government”
hope Greece honours its aid commitments;
- Greece cannot be forced to stay in the euro.
03.05.2012 - 12:49
ECB Draghi: “All nonstand temporary”
- global recovery is proceeding
- EMU econ to recover gradually in course of year
- very low int rates,global demand to help emu econ
- further commod price hikes also main downside risk
03.05.2012 - 12:43
ECB Draghi: “Infl rates likely to stay above 2% in 2012”
- stabilization of econ activity at low level
- prevailing uncertainty
- econ activity to recover gradually over 2012
- infl expectations still firmly anchored
25.04.2012 - 08:10
ECB Draghi: Recent indicators confirm econ stabilization;low levels
Data are mixed, highlight prevailing uncertainty
- Growth to be supported by foreign demand, low rates
- Downside growth risks related to sov. debt crisis
- Infl. likely to stay above 2% this year due to oil
- Gov. council expects infl. to fall below 2% in 2013
- Underlying price pressures should remain modest
- Risks to price stability broadly balanced
- Upside risks to infl. from energy, indirect taxes
12.04.2012 - 12:25
Fed’s Dudley: “US recovery maybe finding a somewhat firmer footing”
despite upbeat economic data dampened by the March non-farm payrolls;
- feels the weaker labour market data is transitory, productivity may have recently slumped;
- too soon to say that the US economy is out of the woods;
- expects Q1 2012 GDP growth to be 2.25%;
- sees overall inflation moderating later in 2012;
- 8.2% unemployment is still unacceptably high.
04.04.2012 - 12:40
ECB Draghi: “Latest info confirms our previous assessment”
infl likely to stay above 2% 2012; upside risks
- moderate recov expected in course of year; downsid risk
- measures have contributed to financial stabilization
- all nonstand measures temporary
03.04.2012 - 12:39
China Premier Wen Jiabao says key econ data are slowing
30.03.2012 - 10:42
ECB, Constancio: “Slow lending is due to demand not supply”
credit supply restrictions are not biting now
- confident 3-year ltros will prevent credit crunch
29.03.2012 - 11:08
ECB, Knot: “Little room for further monetary policy easing”
it's clear that current monetary policy is expansive;
- worry about the amount of liquidity in the market;
- inflation not the biggest risk at the moment;
- future monetary policy depends on course of debt crisis;
- focus of monetary policy must be price stability in EMU as a whole;
- ECB nonstandard measures can only buy time;
- ECB measures have eased market stress, not eliminated it;
- Eurozone likely to slide back into recession.