ECB's de Guindos: Banks’ dividend cap to be lifted sooner or later alongside economic recovery
|The European Central Bank (ECB) Vice President Luis de Guindos said Wednesday, the central bank’s recommendation on banks dividend cap could be lifted sooner or later alongside economic recovery.
“If the pace of activity we are forecasting continues, clearly this recommendation will sooner or later disappear,” De Guindos said.
The ECB expects to make a decision on whether to lift restrictions on bank dividends and share buy-backs on July 23, per Reuters.
Related reads
Eurozone Preliminary Manufacturing PMI beats estimates with 63.1 in June
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.