Economic news
Political speculation is over
2022.12.16 07:03
Political speculation is over
Budrigannews.com – After a series of scandals at the Federal Reserve and domestic backlash, the European Central Bank has banned its top officials from selecting stocks and bonds or making short-term trades.
The ECB’s ratemakers and bank supervisors will no longer be allowed to invest in individual stocks or bonds; instead, they will only be allowed to invest in “broadly diversified” funds, which they will have to hold for at least a year, up from one month before.
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