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Weber Says ECB May Take Further Exit Steps in First Half

European Central Bank council member Axel Weber said the bank may take further steps in the first half of this year to withdraw liquidity from the banking system as the economy gathers strength.

“As the economy improves, we’ll take some of the exceptional measures back. Not all measures are needed to the same degree, so I don’t rule out that we take some additional steps even before the second half.”

Bloomberg

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Posted by Staff at 7:27 am UTC, 05/23/2012
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May
23
Today’s Global
Market Events
All Day

EUR
EU Economic Summit
8:30am

CAD
Core Retail Sales m/m
0.5% vs. 0.5%
CAD
Retail Sales m/m
0.4% vs. -0.2%
CAD
Leading Index m/m
0.3% vs. 0.4%
10:00am

USD
New Home Sales
335K vs. 328K
USD
HPI m/m
0.4% vs. 0.3%
10:30am

USD
Crude Oil Inventories
0.8M vs. 2.1M
6:45pm

NZD
Trade Balance
400M vs. 134M
10:00pm

NZD
Annual Budget Release
10:30pm

CNY
HSBC Flash Manufacturing PMI
49.3