Friday, August 19, 2016

The European Central Bank downplayed the consequences of Brexit – Clarín.com

The European Central Bank (ECB) considered that the impact on markets of the triumph of the output of the United Kingdom of the European Union were lower than expected .

the summary of the last meeting of the board of the bank argues that, although there was a significant decline of bond yields sovereign debt, the consequences of Brexit “ were less drastic of what many had anticipated “

in the currency market, the ECB felt that the pressure was contained. although initially there was a devaluation of the euro, then the single currency reversed that trend and remained at stable levels

See also:. the European Central Bank requires a roadmap for Brexit

on the other hand, the ECB said the euro zone grew moderately in the second quarter of 0.6% over the previous period, driven mainly by private consumption and investments.

in the labor market, the company saw “hopeful signs” with employment growth of 0.3% from one quarter to another . However, warned that youth unemployment, 20% is still too high

See also:. The Brexit: an additional political and unexpected challenge for banks central

a little over a month, the ECB ago he had been concerned about the health of Eurozone banks , amid the shakeup which he caused the Brexit, and said that the process of clearing their balance sheets was being “laborious”

See also:. the European Central Bank, concerned about the consequences of Brexit

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