Berlin Sparkassen-President Georg Fahrenschon has warned the European Central Bank before a further rate cut.
The financial institutions would increase yields, make the cost to the test and continue to build substance, the President of the German Savings Banks Association, said (DSGV) the “image” of Wednesday, according to a preliminary issue. “If the ECB exacerbate the ongoing exceptional situation, in addition, it is even more difficult for all institutions concerned to keep these three factors under control.” The ECB would rather make a U-turn. In the dead end must have the courage to turn around, on full throttle leads to disaster. “
the Governing Council will decide on Thursday on the future course of monetary policy. economists expect a further easing.
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