What sets ECB Apart from Fed and BoE?
Both the European Central Bank and the Bank of England announced asset purchases, but the Euro skyrocketed while the British pound fell, leading many currency traders to wonder what sets the ECB Apart from Fed and BoE?
The ECB cannot be the lender of last resort for troubled euro zone states, one of its top policymakers said on Thursday, underscoring the bank's continued resistance to fierce pressure for it to take a more active role in calming the debt crisis.