Crisis gives ECB cover to cast off rating shackles Unmack1
European Central Bank policymakers will hold a call on April 22 to discuss whether to accept bonds rated below investment grade as collateral in monetary policy operations, Bloomberg reported on April 21.
The ECB currently accepts corporate and sovereign bonds in its lending and asset purchase programmes, so long as they have at least one investment-grade rating.The Federal Reserve said on April 9 that it could buy high-yield bonds in its emergency programmes, so long as they were deemed investment grade on March 22. It also said it would buy exchange-traded funds that own high-yield bonds.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lagarde draws line on how far ECB largesse can goEuropean Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken euro zone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult.
Read more »
The world's major central banks bought $1.4 trillion of assets in March — 5 times the last record set after the financial crisis | Markets InsiderG-7 central banks bought nearly $1.4 trillion of financial assets in March, Bloomberg reported Tuesday, roughly five times the last monthly reco...
Read more »
Virus crisis ravages Brazilian Amazon city's health systemThe health care system is buckling in the Brazilian Amazon city of Manaus because of the coronavirus outbreak. It could be grim glimpse of what lies ahead for Brazil as President Jair Bolsonaro encourage people to ignore stay-at-home recommendations.
Read more »
Democrats blast Trump team's handling of federal workers in coronavirus crisisAs President Trump tries to reopen the country, Democrats say the government’s top human resources office is stonewalling their efforts to understand how and when the federal government itself will return to normal
Read more »
In crisis, some start-ups are surging — and saying 'no thanks' to hungry investorsWhile most of the economy sputters, start-ups that are seeing a rush of users are also being inundated with calls from prospective investors.
Read more »
In a Crisis, Radio Should Be Bigger Than Ever -- So Why Isn't It?Terrestrial music stations have a major cultural opportunity right now, but employees say a muddied strategy is standing in the way
Read more »