Banks in the eurozone should be prudent regarding their dividend policy, European Central Bank (ECB) Governing Council member Pablo Hernandez de Cos said on Thursday, as reported by Reuters. “The recommendation will remain valid until the end of September 2021 when, provided there are no materially adverse developments, the ECB intends to lift the recommendation and return to assessing banks’ capital and dividend distribution plans,” de Cos further explained. Market reaction The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading virtually unchanged on the day at 1.2155. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI crude subdued below $53.00 as market await key Powell and Biden speeches FX Street 2 years Banks in the eurozone should be prudent regarding their dividend policy, European Central Bank (ECB) Governing Council member Pablo Hernandez de Cos said on Thursday, as reported by Reuters. "The recommendation will remain valid until the end of September 2021 when, provided there are no materially adverse developments, the ECB intends to lift the recommendation and return to assessing banks' capital and dividend distribution plans," de Cos further explained. Market reaction The EUR/USD pair showed no immediate reaction to these remarks and was last seen trading virtually unchanged on the day at 1.2155. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
