“Another European Central Bank stimulus package looks set to keep eurozone interest rates negative for longer and tighten the squeeze on the region’s banks, heaping more pain on German lenders in particular.” – by Gareth Gore and Steve Slater
ECB tiering little relief for squeezed banks (IFR)
The Growing Challenges for Monetary Policy (Bank of England)
“The dollar’s influence on global financial conditions could similarly decline if a financial architecture developed around the new ‘Synthetic Hegemonic Currency’ and it displaced the dollar’s dominance in credit markets. By reducing the influence of the US on the global financial cycle, this would help reduce the volatility of capital flows to emerging market economies.” […]
Central bank independence (ECB)
ECB argues for the continuing value of central bank independence.