- Monday, 22 May 2017
- News
Merkel Says Euro Is "Too Weak", Blames ECB
According to Bloomberg, Merkel was quoted as saying “The euro is too weak - and that’s because of ECB policy - and so German products are cheap in relative terms,” Merkel told school students in Berlin in discussion of trade surplus. “So they’re sold more.” Merkel added that additional investment in Germany could help to reduce trade surplus.
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- Thursday, 27 April 2017
- News
Draghi Says Recovery Is Broad While Inflation Fails to Convince
At today’s meeting the 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 continues to expect the key ECB interest rates to remain at present or lower levels for an extended period of time, and well past the horizon of the net asset purchases.
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- Thursday, 06 April 2017
- News
ECB Minutes: Premature To Change Forward Guidance
According to the minutes from the ECB’s March Governing Council meeting, a very substantial degree of monetary accommodation was still needed to secure a sustained convergence of inflation rates towards 2%. Although deflation risks had been eliminated, there was insufficient confidence over inflation trend to consider any move towards normalisation and that it was premature to make any changes to forward guidance.
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- Monday, 23 January 2017
- News
ECB probed by watchdog over ties with bankers in G30 group
The European Union's ethics watchdog has opened an inquiry into the participation of European Central Bank President Mario Draghi and senior ECB officials in the work of an exclusive group that includes bankers and fund managers. The European Ombudsman's probe relates to ties between ECB officials and the Group of Thirty, a private organization where policymakers, economists, bankers and fund managers meet behind closed doors to discuss economic and monetary affairs.
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