Stock Groups

Low ECB rates are now hurting banks; issue to persist, ECB’s Enria says -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO : Andrea Enria is the chairperson for European Banking Authority at Reuters Summit in London (Britain), September 25, 2017. REUTERS/Afolabi Sotunde

FRANKFURT – The low interest rates at the European Central Bank are causing more harm than it is boosting bank lending volumes, Andrea Enria (ECB top supervisor) said Tuesday.

Enria on Bloomberg TV stated, “The margin effect is predominant so there has been a negative effect bank margins but that is likely to continue for a while.”

He said that the environment of low rates was a net benefit for banks up to mid 2020.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]