ECB’ meeting


The ECB's decision on interest rates hits the European banking sector

After Jackson Hole, Comes The Week Of The ECB

On Thursday September 10, the ECB will meet and present its updated macroeconomic table, which will give us a better idea of its expectations regarding the pace of economic recovery (the August PMIs showed signs of weakness after the strong rebound from the April lows). The central bank will also update its view on current and future inflation levels with data once again showing very contained prices and in a context where the Fed is willing to tolerate inflation above 2% to obtain this figure as an average.


ECB

ECB Preview: Could Come Across With Hawkish Tone

The ECB meeting this week should be a non-event, but risks are for a hawkish surprise in tone. We will be all ears on two elements: the timeline and the motivation for the review that starts this week and finishes before the end of 2020.


christine lagarde

Further easing plans should remain parked in the next ECB communication

Olivia Álvarez (Monex Europe) |  The ECB will host its first 2020 monetary policy meeting next Thursday 23rd. The event is unlikely to bring any changes over policy tools after the accommodative package introduced in September, but rather, it could turn the attention towards any changes in the economic outlook facing the Eurozone and the strategic review vowed by new chief Christine Lagarde.


The paradox of the ECB long-term refinancing operations

The QE Is Very Probably Dead

The ECB’s chairman endorsed the optimistic staff forecast enough to justify the end of QE for December 2018 and then spent the rest of the press conference insisting on the downside risks. This was the only way that BoAML’ s analysts find to deliver what they think about Mario Draghi’s main challenge: making sure that there would not be any continuum in the market perceptions between the end of the net purchases and a brisk pace of normalisation on rates.


ECB stimulus package

ECB: Ending The QE Chapter With Italy “On Its Own”

The ECB could announce a short taper to December current week. The central bank has to be consistent if QE is ending this year and, hence, according to BoAML’s analysts it has to send a reaffirming message on three criteria: convergence, confidence, resilience.


ECB's meeting to announce tapering

ECB: Testing The Exit

The ECB is expected to announce a reduction, or tapering, of its asset purchasing programme at today’s council meeting. In opinion of David Kohl, chief currency strategist at Julius Baer, “financial markets are well prepared for less support from monetary policy.”


ECB walks

Truce in the ECB until next June

The surprisingly low annual eurozone inflation reading for March at 1.5% will finally end speculation about an earlier end to the negative deposit rate in today’s ECB’s governing council meeting, as reported by Julius Bär’s experts. Both ECB Chief Economist Peter Praet and ECB President Mario Draghi have already made clear in recent weeks that interest rates will not rise before the ECB’s asset-purchasing programme comes to an end.


ecb luminale

No Changes in ECB

The European Central Bank kept monetary policy unchanged: interest rates on hold and made only its previous broad commitment to run bond-buying for as long as needed, stopping short of a formal extension of quantitative easing, as expected on Thursday. Indeed, the institution didn’t make any adjustments to its quantitative easing program of asset purchases. That program includes monthly purchases of 80 billion euros and is set to run at least…


ECB walks

Draghi Keen Not To Add Fuel To The Controversy Of Helicopter Money

UBS | As expected, yesterday’s ECB meeting provided neither new stimulus nor major new guidance on the policy outlook. The discussion was dominated by helicopter money (which according to Mr Draghi has not been discussed), the German criticism of the ECB’s low interest rate policy (which Mr Draghi diplomatically rejected) and the issue of whether or not interest rates could go down further (which could happen, if necessary).