At the ECB’s September meeting tomorrow, the market is widely expecting the bank to keep current policy on hold in line with its earlier guidance that rates will remain at current levels “at least through summer of 2019”. However, the bank is expected to announce a reduction in asset purchases from 30 billion EUR per month to 15 billion EUR per...
The European Central Bank's monetary policy meeting was held last week. As widely expected, the central bank left the key interest rates unchanged at last week's meeting. The main refinance rate which is at zero percent, the deposit rate which is at -0.40% and the marginal lending rate which is at 0.25% were left unchanged. However, invest...
The market was rocked last week as the ECB delivered a blow with a double-edged sword at its June monetary policy meeting. The central bank announced that it would wind down its massive quantitative easing program by the end of 2018 though bulls were left disappointed as Draghi added the caveat that rates will be kept on hold “at least through t...
EURUSD traded sharply lower over Tuesday this week as the latest growth data added weight to the view that the eurozone’s economic recovery is moderating. The flash GDP estimate for the first quarter came in at 0.4% quarter on quarter and just 2.5% year on year, marking a sharp decline from the prior reading of 2.8% year on year in the last quar...
The ECB President Mario Draghi and other officials were seen speaking over the week as ECB offficials maintain hawkish view. The Lithuanian central bank governor and member of the ECB's governing council, Vitas Vasiliauskas gave an interview to a German newspaper last week. In his interview, Vasiliauskas gave hawkish comments noting that the ...
ECB President Mario Draghi on the Mic at 13:15 PM GMT, in his home country. The speech is not supposed to focus on any monetary policy indications, therefore, market participants would most likely remain on their current bias when it comes to the EUR. During the previous ECB Press Conference, Draghi did not raise any eyebrows, and especial...
The European Central Bank was seen holding monetary policy unchanged at its meeting last Thursday. The ECB President Mario Draghi was widely expected to down play the concerns over the recent weak patch of economic data from the Eurozone and the markets expected Draghi to leave the option open to end the bond purchases by the end of the year. ...
ECB Keeps Policy Unchanged In line with broad market expectations, the ECB kept monetary policy unchanged at its April meeting held today. The bank kept its main refinancing operations at zero and the interest rates for the marginal lending facility and the deposit facility at 0.25% and -0.40% respectively. We continue to expect interest ra...
In the April ECB monetary policy meeting preview we look at how the European Central Bank will be holding its monthly monetary policy meeting this week on Thursday. No changes are expected to the interest rates or the central bank's QE purchases at this week's meeting. Investors will be clued into the message from the ECB and also the press c...
Concerns start to rise on the growing uncertainty in global trade which was not so long ago touted as one of the reasons for helping the Eurozone and especially German imports. The Eurozone posted one of the fastest growths in 2017 in nearly a decade led by higher imports with countries such as Germany running a trade surplus. However, the op...
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