S&P economists expects ECB move to calm bond markets
PARIS, Aug 4 (Reuters) - The chief European economist for Standard and Poor's, Jean-Michel Six, said on Thursday that markets expect the European Central Bank will reactivate its bond-buying operation to calm market turmoil.
'The message from the central bank and governments remains very, very important to reassure the markets,' Six told France Inter radio.
'Markets are still moving so we need someone to intervene,' he said. 'The only effective fireman capable of getting us out of the building quickly is the ECB which, since the beginning of the crisis, has played an admirable role to calm markets.'
(Reporting by Sophie Louet; Editing by Catherine Bremer) Keywords: EUROZONE/S&P
COPYRIGHT
Copyright Thomson Reuters 2011. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
No comments:
Post a Comment