Mon, 27 Jan 2014 12:12:04 GMT
Rising borrowing costs as threat for ECB in keeping dovish policy
As the European Central Bank tries to keep monetary policy dovish and fights for low borrowing costs for households and companies, rising overnight market rates pose dilemma for the regulator. While market rates have already climbed above the main ECB rate, Mario Draghi said that it is still not the time to cut stimulus. Moreover, the ECB is ready to