The European Central Bank (ECB) Governing Council member and Bank of France Head Francois Villeroy de Galhau is out on the wires, saying that net asset purchases should end in December and first interest rate rise could take place at the earliest through the summer of 2018, depending on the inflation outlook.
• Regulatory priority is no longer the solvency of banks, but the liquidity of non-banks.
• A Brexit agreement protecting prosperity on both sides is highly desirable.
• Latest efforts of the British government seem to be moving in that direction.
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