ECB may drop restrictive label on rate stance as soon as March - reportEuropean indices cheer ECB rate cutECB sources: Policymakers expect a further cut in March followed by a deeper debateLagarde Q&A: We have not had a discussion on whether it's time to stop cuttingECB's Lagarde: Indicators developing towards a sustained return to our inflation targetECB cuts key rates by 25 bps in January monetary policy decision, as expected
In her press conference Lagarde dismissed the idea that EU central banks would scoop up Bitcoin for reserves purposes:
“I’m confident” that “Bitcoins will not enter the reserves of any of the central banks of the General Council” of the ECB“I think there is a view around the table of the Governing Council, and most likely the General Council as well, that reserves have to be liquid, that reserves have to be secure, that they have to be safe, that they should not be plagued by the suspicion of money laundering or other criminal activities,”could potentially represent 5% of its reservesthe matter is “only at the stage of analysis and discussion”
Note that while the Czech Republic is in the EU, its not a member of the euro zone.
Bitcoin update ... still pussyfooting around US$100K:
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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