Bundesbank’s Dombret - Bundesbank still critical on ECB government bond buying

German Bundesbank’s Dombret was on the wires stating the bank is still critical of the European Central Bank’s (ECB) government bond buying program.

Key points

Expansive monetary policy is warranted currently

No liquidity provisioning needed post-Brexit

Growth forecasts for 2016 and 2017 too optimistic

GBP/USD firmer, 1.3100 – a whisker away

A fresh bout of selling interest seen in the US dollar across the board, bolstered the ongoing recovery in the GBP/USD pair in wake of a risk-on rally
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Fed’s Mester: Rates on gradual upward slope, timing of moves data-dependent

Speaking at a financial stability conference in Sydney today, Cleveland Fed President Loretta Mester commented on the US labour market and monetary po
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