Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

ECB’s Praet Says Trust in Currency Can ’Quickly Evaporate’

Don't Miss Out —
Follow us on:

Oct. 10 (Bloomberg) -- European Central Bank Executive Board member Peter Praet said a currency can’t function without trust.

“We have to draw the lessons of history,” he said today in a speech in Frankfurt. “Trust in a currency can quickly evaporate.”

In a crisis situation a central bank mandated to ensure price stability has to “promptly and decisively resist the shortage of liquidity,” he said. “An expanded central bank liquidity buffer is non-inflationary under these conditions.”

To contact the reporters on this story: Stefan Riecher in Frankfurt at sriecher@bloomberg.net; Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.