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Spain's Modernizer, Evans on Prices, China's Clues: Eco Day

Spain's Modernizer, Evans on Prices, China's Clues: Eco Day

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Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • Francois Villeroy de Galhau, a European Central Bank Governing Council member, said the benefits of negative interest-rates outweigh the drawbacks
  • In Madrid, Pablo Hernandez de Cos and his team are on a mission to repair the reputation of the Spain’s central bank
  • Thirteen members of the ECB’s Governing Council have at least 100,000 euros ($113,000) in deposits with a bank supervised by the Frankfurt institution
  • The Federal Reserve may need to cut interest rates if U.S. inflation falls, said Chicago Fed President Charles Evans, who currently sees rates on hold until the fall of 2020
  • Australia’s central bank discussed interest-rate cuts in a review of policy scenarios at its April 2 board meeting and concluded there was “not a strong case” for an adjustment in the near term
  • China’s holdings of Treasury securities rose for a third month amid signs its trade war with the U.S. could be coming to a conclusion
  • Also on China, here are five clues on whether the economic upturn has staying power
  • A former Bank of Japan official said the central bank needs a vision for eventually unwinding its massive asset purchases if it eases policy further

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Paul Jackson

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