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ECB to pave way for stimulus in September

  AFP The European Central Bank, widely expected to hold fire on monetary policy next week, will likely prepare the ground for more stimulus measures in September as the economic fallout for the eurozone from Brexit becomes clearer, analysts predicted. The ECB’s decision-making governing council is scheduled to hold its regular policy meeting on Thursday, a month after Britain voted ...

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Turkish Central Bank holds meeting with lenders

  Bloomberg Turkey’s central bank is holding an extraordinary meeting with bank executives to discuss ways to minimize the market impact of the coup attempt, the Haberturk newspaper reported. The bank convened members of the Banks Association of Turkey, the Istanbul-based newspaper said, without saying where it got its information about the meeting. Turkey’s lira plunged the most against the ...

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Barclays chart shows growing negative bond yields

  Bloomberg Negative yields are spreading to more areas of the fixed-income market by the day. Data from Barclays Plc highlight the staggering pace of change as this week Deutsche Bahn AG became the first non-financial company to sell negative-yielding bonds, and the German government auctioned 10-year debt with a sub-zero yield for the first time. To get a sense ...

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