Europe - ECB (May 08 - Dec 24)

Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Sep 08, 2017 8:00 am

The European Central Bank reaffirmed its ultra-easy policy stance yesterday

Even keeping the door open to increasing bond purchases, dashing hopes it would formally signal its intent to claw back stimulus from next year.

The ECB kept rates at their record lows, confirmed that asset buys would continue at 60 billion euros (HK$563.4 billion) per month at least until December and said it could even increase or expand the asset purchases if needed, sticking with its long-held super easy stance.

"This autumn, we will decide on the calibration of our policy instruments beyond the end of the year, taking into account the expected path of inflation and the financial conditions needed for a sustained return of inflation rates towards levels that are below but close to 2 percent," ECB President Mario Draghi commented yesterday.

Source: The Standard HK
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Oct 13, 2017 7:16 pm

QE changes

The European Central Bank is considering reducing its pace of asset purchases to €30 billion ($36 billion) per month from January next year, while extending the program to September, according to officials familiar with the debate.

This would reduce the monthly pace by a half, and continue the program well beyond its current December 2017 end date.

Euro-area bonds are gaining this morning following the report, with Germany’s 10-year yield falling to the lowest level in more than two weeks.

Source: Bloomberg
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Wed Oct 25, 2017 6:46 am

How the ECB could deliver a shock to markets

by Joumanna Bercetche

Which is why the compromise may be that the asset purchase program — which is set to expire in December — is extended into the latter half of next year but with a much smaller monthly net purchase amount.


In the last few weeks the consensus has shifted towards a longer horizon, with the expectation now potentially a nine-month extension of 30 billion euros a month (versus the current 60 billion euros).


The market is currently pricing in the first 10 basis point hike by the ECB in the first quarter of 2019 and the first full 25 basis point hike in early 2020.

If the ECB only announces a six-month extension, traders think the market would be quick to bring forward the timing of the first rate hike.


Source: CNBC

https://finance.yahoo.com/m/f86d9444-89 ... ver-a.html
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Oct 27, 2017 8:40 am

ECB to cut asset deals

The European Central Bank said it would cut asset purchases to 30 billion euros (HK$275.14 billion) from 60 billion euros starting January while also extending the scheme by nine months to September.

The ECB extended its bond purchases at a reduced pace yesterday, taking its biggest step yet in weaning the euro zone economy off protracted stimulus.

Designed nearly three years ago to stave off deflation, the bond purchase scheme has cut funding costs, revived borrowing and lifted growth, even if it ultimately failed to raise inflation back to the ECB's target of almost 2 percent.

The ECB also said that asset buys could be raised once again if the outlook worsened and reaffirmed its guidance for interest rates to stay at their current level until well past the end of its net asset purchases.

"If the outlook becomes less favorable, or if financial conditions become inconsistent with further progress toward a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the asset purchase program in terms of size and/or duration," the ECB said after a regular policy meeting.

Even as asset buys were adjusted, the ECB kept all of its interest rates unchanged, including its deeply negative deposit rate.

The main refinancing rate was unchanged at 0.00 percent.

Source: REUTERS
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Re: Europe - ECB (May 08 - Dec 16)

Postby behappyalways » Sat Oct 28, 2017 4:37 pm

ECB to halve €60bn bond-buying programme
http://www.bbc.com/news/business-41762464
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Mar 09, 2018 9:02 am

The ECB just made a big change with its policy outlook

The European Central Bank opted to keep interest rates unchanged and to continue its asset purchase program until September.

Analysts hold very different views regarding the future of the ECB's quantitative easing program.

During January's bank meeting, the euro hit $1.25 as ECB President Mario Draghi addressed the press.

by Silvia Amaro

Source: CNBC

https://www.cnbc.com/2018/03/08/ecb-mar ... KW,1DRDX,1
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Fri Jun 15, 2018 8:01 am

ECB winds up easy money program

European Central Bank president Mario Draghi took away the punch bowl today.

The European Central Bank said today it will wind up its long-running stimulus program.

The ECB said it will reduce its quantitative easing after September to 15 billion euros a month, compared with 30 billion a month. In December the stimulus program will end.

The bank's governing council also said it "expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any case for as long as necessary to ensure that the evolution of inflation remains aligned with the current expectations of a sustained adjustment path.''

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

Postby behappyalways » Fri Mar 08, 2019 10:34 am

European Central Bank acts to boost struggling eurozone
https://www.bbc.com/news/business-47485200
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Fri Jun 07, 2019 7:53 am

European Central Bank delays rate increase

The European Central Bank pushed back the timing of its first post-crisis interest rate increase again today and said it would continue paying banks for lending in its latest effort to revive a slowing euro zone economy, Reuters reports.

The moves, which are bolder than analysts had expected until only a few weeks ago, come as a trade war between the United States and China overshadows the global economy and especially
export-oriented euro zone countries such as Germany.

Responding to rapidly deteriorating inflation expectations, the ECB pledged to keep its interest rates at their current, record-low level at least through the first half of 2020, instead of the end of this year as it had said only in March.

It will also let banks borrow from the ECB at rate just 10 basis points above its minus 0.4 percent deposit rate provided they beat the ECB's lending benchmarks in a new targeted longer-term refinancing operation, or TLTRO.

"For banks whose eligible net lending exceeds a benchmark, the rate applied in TLTRO III will be lower and can be as low as the average interest rate on the deposit facility prevailing over the life of the operation plus 10 basis points," the ECB said in a statement.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0606&sid=2
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Re: Europe - ECB (May 08 - Dec 19)

Postby winston » Wed Jun 19, 2019 3:00 pm

TOL:-

The ECB Bankster, Mario D, sounds very dovish.

Doing whatever it takes with whatever weapon he has.

Does he know something that you dont?

Is the EU in very very bad shape?
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