Europe - ECB (May 08 - Dec 24)

Re: Europe - ECB (May 08 - Dec 19)

Postby behappyalways » Fri Jul 12, 2019 11:06 am

2019.07.07【文茜世界財經週報】從運動國手到法首位女財長 拉加德屢創奇蹟
https://www.youtube.com/watch?v=TbYzYDF ... xu&index=3
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Fri Sep 13, 2019 8:45 am

ECB restarts QE

The European Central Bank approved a fresh stimulus package as expected yesterday.

The ECB cut its deposit rate to a record low -0.5 percent from -0.4 percent and will restart bond purchases of 20 billion euros a month from November, it said.

With inflation falling, Germany skirting a recession and a global trade war sapping domestic confidence, the ECB had all but promised more support to the economy and the only question was how extensive stimulus would be.

"The Governing Council expects bond purchases to run for as long as necessary, to reinforce the accommodative impact of its policy rates, and to end shortly before it starts raising the key ECB interest rates," the ECB said.

The ECB also eased the terms of its long term loans to banks and introduced a tiered deposit rate to help banks.

Economists expected a 10 basis point deposit rate cut, a tiered deposit rate to support banks, bond buys of 30 billion euros a month from October and a fresh promise to keep rates low for longer.

Meanwhile, there is almost a 60 percent chance that the German economy could fall into recession, according to a monthly index gauging the health of Europe's largest economy published by the Macroeconomic Policy Institute.

The forward-looking index put the risk of recession at 59.4 percent, up from 43 percent in August. This is its highest recession risk reading since the winter months of 2012/2013.

Source: Reuters

http://www.thestandard.com.hk/section-n ... 0913&sid=2
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Re: Europe - ECB (May 08 - Dec 19)

Postby behappyalways » Thu Oct 24, 2019 3:47 pm

Mario Draghi: His legacy after eight tumultuous years at the ECB
https://www.bbc.com/news/business-50020948
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Fri Oct 25, 2019 10:41 am

The ECB would run out of bonds to buy by the end of next year -- proposing equities as an option.

Source: WSJ
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Fri Oct 25, 2019 10:41 am

The ECB would run out of bonds to buy by the end of next year -- proposing equities as an option.

Source: WSJ
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Re: Europe - ECB (May 08 - Dec 19)

Postby behappyalways » Sun Jun 07, 2020 5:25 pm

'Never say never' on ECB buying shares, Holzmann tells newspaper
https://www.reuters.com/article/us-ecb- ... SKBN23E0AH
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Re: Europe - ECB (May 08 - Dec 21)

Postby winston » Fri Mar 12, 2021 7:37 am

The ECB had already restarted QE before the pandemic (now ramped up to about $2.2 trillion).

And in response to the pandemic, they've relaxed fiscal constraints in the European Union, allowing for fiscal stimulus from some of the weaker member-states.

That has been extended to 2023.

Source: Forbes
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Europe - Economic Data & News 14 (Sep 20 - Dec 22)

Postby behappyalways » Thu Mar 18, 2021 7:03 pm

European Central Bank will not react to inflation ‘blips,’ Lagarde says
https://www.cnbc.com/2021/03/18/europea ... garde.html
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Re: Europe - ECB (May 08 - Dec 21)

Postby winston » Thu Apr 08, 2021 8:10 am

Netherlands central bank chief Klaas Knot hints at ECB rolling back asset purchases

The euro zone economy is on course for a robust recovery in the second half of the year that could allow European Central Bank to start phasing out its emergency bond purchases in the third quarter, Dutch central bank chief Klaas Knot said.

The International Monetary Fund this week upgraded its forecast for euro zone growth to 4.4% from 4.2%.

Governments are already debating more support, automatic stabilisers remain in place and the European Union’s 750 billion-euro fiscal package will lift the bloc’s growth potential.


Source: The Standard

https://www.thestandard.com.hk/breaking ... -purchases
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Re: Europe - ECB (May 08 - Dec 21)

Postby winston » Thu Jun 17, 2021 2:33 pm

ECB stays

The ECB is set to extend a key plank of its pandemic relief measures by nine months, to ensure lenders keep supplying credit to the economy.

Lenders can continue to exclude deposits held at central banks when calculating their leverage ratio until March.

The exemption, which would otherwise expire June 27, effectively makes banks look stronger and allows them to do more business with existing financial reserves.

Source: OCBC
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