ECB eyes floor system with ample liquidity for its new framework (POLITICO)
By Johanna Treeck · Mar 1, 2024 FRANKFURT – European Central Bank policymakers are approaching a “broad consensus” on a new way of steering short-term interest rates and, indirectly, the eurozone economy, people familiar with the discussion told POLITICO. According to central bank officials, the ECB will maintain a so-called “floor system” where “ample” central […]
Critics blast outgoing SNB chief for maintaining bank’s opaque structures (POLITICO)
By Ben Munster · Mar 5, 2024 The acclaimed 12-year run of Switzerland’s retiring central bank governor was tainted by autocratic processes enabled by the opaque decision-making structures of the Swiss National Bank, three prominent economists have said. Thomas Jordan unexpectedly announced Friday that he plans to leave the Swiss National Bank (SNB) in September, […]
