ECB's Governing Council member Rehn: Verdict of German court does not instantly affect ECB monetary policy

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13 May 2020

ECB's Governing Council member Rehn: Verdict of German court does not instantly affect ECB monetary policy

EU Court of Justice interprets legality of European institutions' actions, not national courts
Giving up this principle could have very negative consequences for EU
It is essential that German Constitutional Court agrees with EU top court that ECB's PSPP purchase programme does not breach ban on public sector central bank funding

UK: Furlough for longer - Standard Chartered

Canada-U.S. border is expected to stay closed to non-essential travel to June 21 - Globe and Mail reports, citing sources with knowledge of bilateral talks

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