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22.02.2019 23:55

European Central Bank (ECB) Governing Council member Villeroy de Galhau: I still believe gradual normalization of our policy is desirable

  • We need to assess the extent to which the recent slowdown and drop in inflation are temporary
  • If downturn persists, ECB stands ready to change guidance
  • We should look at a whole spectrum of tools including various forms of LTRO to decide on recalibration of conditions and maturities
  • If we had to use negative rates for longer than expected, we should study pragmatically how to contain possible adverse effects
  • On TLTRO, policy shouldn't be designed according to the needs of some banks or jurisdictions


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00