The ECB changed the parameters of its bond purchasing program, removing the deposit limit floor. Under the new rules governing asset purchases the ECB will be able to purchase government bonds which are yielding less than its deposit rate. That would enable the ECB to begin buying ultra-safe government bonds, such as German short-term debt. Source Investing.com
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Turkey came very close to crossing Greece’s red lines in the Aegean last week, when a Turkish coast guard vessel fired shots in Greek territorial waters east of the islet of Farmakonisi, Foreign Minister Nikos Kotzias told Skai Television’s “Istories” program Tuesday night. Source Ekathimerini
In January, Russia increased its gold reserves by 37 metric tons, equivalent to more than a million troy ounces, Vesti.ru reported on Tuesday. As a whole, Russia’s foreign reserves grew by four percent last month, and stood at $393.6 billion on February 10. Source: Sputnik
Bank of Japan Governor Haruhiko Kuroda said Wednesday that pushing rates further into negative territory was off the table, reflecting both his upbeat inflation outlook and his concerns over the contentious policy measure. The BOJ introduced the measure in January 2016, imposing a 0.1% charge on certain yen deposits. Source: MarketWatch