- Thursday, 07 September 2017
- News
Draghi affirms ECB will decide on tapering in the autumn
Even while the European Central Bank made no changes to either policy or its statement on Thursday, Mario Draghi, president of the euro zone monetary authority, affirmed that a decision on whether to reduce, or taper, asset purchases will be decided in autumn, most likely in October.The ECB kept monetary policy on hold on Thursday with the main refinancing rate left unchanged at 0%, the rate on bank overnight deposits kept at -0.40%, while the rate on the marginal lending facility, or emergency overnight borrowing rate for banks, stayed at 0.25%.
Read more...- Monday, 21 August 2017
- News
Is ECB ready to cut stimulus down?
There were no data releases from Eurozone today. Europe is getting back in the game, and the world economy is all the better for it. The European Central Bank shouldn't spend too much time worrying about whether its actions curb the euro. After all, the currency's 12 percent appreciation against the dollar this year reflects mostly what's going right for the euro region: Its expansion is picking up, with Germany, France and Italy reporting relatively robust increases in gross domestic product. And the region's labor markets are continuing to heal.
Read more...- Friday, 21 July 2017
- News
Euro rally may just began
The euro’s rally may have only just begun. While the European Central Bank made few changes Thursday to its forward guidance and Mario Draghi said that policy makers were still waiting for wages and prices to match the region’s improving economic growth, the common currency rallied to its highest level in nearly two years.
Read more...- Thursday, 20 July 2017
- News
ECB left interest rates unchanged
Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.
Read more...- Popular
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