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BIS Says Banks Paring Reliance on Central Banks, Governments - Bloomberg.com

“The take up of many measures has declined,” economist Petra Gerlach wrote in the study, published in the Basel, Switzerland-based BIS’s latest quarterly review. The report comes as central banks such as the U.S. Federal Reserve trim some of the emergency programs they introdu
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Weber Says ECB to Keep Full Allotment Longest in Main Operation - Bloomberg.com

The discontinuation of the ECB’s six-month and 12-month tenders “is an unwinding of an ultra-expansionary” liquidity policy, Weber told journalists in Frankfurt last night. “I wouldn’t call this a tightening. We neither wanted to send a restrictive nor an expansionary signal.
” The...
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German Consumer Confidence Falls for First Time in 14 Months

By Cornelius Rahn GfK AG’s sentiment index for November, based on a survey of about 2,000 people, fell to 4 from a revised 4.2 in October, the Nuremberg-based market-research company said in a statement today. That’s the first decline since September 2008. Economists had forecast an