ECB announces €16.5bn purchases of bonds; Falling euro welcome news for exporters; Central banker criticises German “hysteria” about inflation
May 18th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Central Bank (ECB) said on Monday it would raise €16.5bn from commercial banks in fixed-term deposits to offset its purchases of government bonds last week. Meanwhile the euro's fall is welcome news for exporters and also on Monday, the Austrian central bank head criticised German "hysteria" about inflation.