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Entertainment Burning globe in front of the ECB: demonstration against monetary policy

14:10  21 october  2020
14:10  21 october  2020 Source:   fool.de

IMF warns of rich-poor recovery gap between and within countries

  IMF warns of rich-poor recovery gap between and within countries Divergence between rich and poor is spiking as countries struggle with collapse in tourism, remittances and oil prices.In its latest World Economic Outlook, the IMF revised its forecast for global growth to negative 4.4 percent this year –  a less severe contraction than the negative 5.2 percent it had forecast in June, but still on track for the worst performance since the Great Depression.

Read about the ECB ’s monetary policy instruments and see the latest data on its open market operations. The primary objective of the ECB ’s monetary policy is to maintain price stability. The ECB aims at inflation rates of below, but close to, 2% over the medium term.

The European Central Bank ( ECB ) is the central bank of the 19 European Union countries which have adopted the euro. Second, I will explain the current monetary policy of the ECB , as updated by yesterday’s Governing Council meeting.

With a burning globe activists demonstrated in front of the European Central Bank (ECB) in Frankfurt am Main against climate-damaging monetary policy. It is not just about climate protection, but about a global order in which every person has the chance for a good life, said the Frankfurt group Koalakollektiv on Wednesday morning. The international financial industry has a significant influence on the direction in which the economy develops. But the ECB is unchecked investing billions in climate-damaging industries. In doing so, she is fueling the “destruction of our livelihoods - with public money”. According to the Frankfurt police, ten activists took part in the protest. Most recently, Greenpeace once again criticized the ECB's investment policy.

Mit einer brennenden Erdkugel demonstrieren Aktivisten der Gruppe © Boris Roessler / dpa Activists of the group "The Koala Collective" demonstrate with a burning globe.

Bundesbank: Negative interest rates for banks so far no problem .
According to the Bundesbank, banks could become more restrictive when it comes to lending as a result of the corona crisis. © Monika Skolimowska / dpa-Zentralbild / dpa According to the Bundesbank, banks could become more restrictive when it comes to lending as a result of the Corona crisis. As a result of the economic slump due to the pandemic, "the earnings situation of German banks can be expected to deteriorate," writes the central bank in its October monthly report.

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