ECB ‘needs to prepare for normal monetary policy’
The European Central Bank
Berlin - Muslimchronicle
The European Central Bank should start thinking about how it wants to return to normal monetary policy and when it wants to wind down bond purchases, governing council member Sabine Lautenschlaeger said in remarks published on Saturday.
“The expansionary monetary policy has both advantages and side effects.
As time passes, the positive effects get weaker and the risks increase,” she told the Mannheimer Morgen newspaper.
“So it’s important to prepare for the exit in good time. What’s crucial in that context is a stable trend in the rate of inflation toward our objective of just under 2 percent. It’s not quite there yet.”
She acknowledged that unwinding the ECB’s expansive policy would be a long process
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Russians challenge doping ban
Geneva - Muslimchronicle
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Saudi-led coalition announces $1.5bn
Sanaa - Muslimchronicle
The Saudi-led coalition fighting in Yemen has pledged $1.5bn (£1.1bn) in new humanitarian aid for the country. It will also increase the capacities of Yemeni ports to receive aid and cargo shipments, and set up 17 "safe-passage corridors" for humanitarian groups. ThreeParis show pays homage
To 'eternal style' of late Alaia
Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 08:32 2011 Monday ,25 July
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
