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Monday, 28 December 2015
News

ECB will run QE as long as necessary, Mersch says

Luxembourg Central Bank Governor Mersch talking to International Bankers Forum said that ECB has by no means run out of ammunition. It still has firepower and deposit rate theoretically are not at lower bound. He uttered that QE will run as long as necessary to reach their goal sustainably and that ECB can add on at anytime should this be necessary.
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Friday, 25 December 2015
News

Euro managed to stay above 1.09 handle entering Christmas holidays

The EUR/USD was virtually unchanged since the European Central Bank rattled global foreign exchange markets on December 3 with an unexpected decision to approve only limited easing measures with its comprehensive asset-purchasing program. Following the shocking announcement by ECB president Mario Draghi, the euro surged more than 3% against the dollar on the session, one of its strongest one-day moves of the year.
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Wednesday, 09 December 2015
News

ECB's Nowotny says ECB decision last week was right

ECB member Nowotny said that ECB decision last week was right. He said that Eurozone is significantly under inflation target, while US is in a different phase of growth cycle and must watch for side-effects like bubbles. He concluded that ECB will not let itself be influenced by markets. ECB's member Ardo Hansson said that inflation outlook and the economy were key factors in the ECB decision and that ECB measures will lower the yield curve. Hansson was on the list of those most likely to be against additional action.
 
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Thursday, 03 December 2015
News

ECB extends its QE programme until March 2017 or beyond

The 25-member Governing Council, meeting in Frankfurt on Thursday, reduced the rate by 10 basis points to minus 0.3 percent. That’s in line with the move forecast by economists. Policy makers left the main refinancing rate and the marginal lending rate unchanged. On the following Press Conference, ECB President Mario Draghi  said that the ECB extends the asset purchase programme to run until March 2017 or beyond if necessary and in any case until the Governing Council sees an improvement in inflation.

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