Europe - ECB (May 08 - Dec 24)

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

Postby behappyalways » Thu Jun 09, 2016 4:26 pm

'Desperate' ECB risks destroying European project with negative rates, warns Deutsche Bank
http://www.telegraph.co.uk/business/201 ... gative-ra/
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Re: Europe - ECB (May 08 - Dec 16)

Postby behappyalways » Sat Jun 11, 2016 9:04 pm

Buying Junk Shows ECB Is Getting Desperate
http://www.bloomberg.com/view/articles/ ... -desperate
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Re: Europe - ECB (May 08 - Dec 16)

Postby behappyalways » Sat Jun 18, 2016 4:52 pm

Negative German Yields Are Evidence of ECB Exhaustion
http://www.bloomberg.com/view/articles/ ... exhaustion
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Sep 09, 2016 5:40 am

Draghi cool on new stimulus

Mario Draghi said European Central Bank officials will study options to ensure their quantitative-easing program doesn't run out of bonds to buy as he played down the need to commit to new stimulus for now.

The assessment was that for the time being the changes are not substantial as to warrant a decision to act, the ECB president said at a press conference in Frankfurt yesterday.

Bonds declined with stocks while the euro strengthened after Draghi's comments, which downplayed the need for more economic stimulus. Oil rallied.

"The main theme was to make sure that the program and decisions we took in March can be implemented in the new constellation of interest rates, which clearly have restricted the eligibility universe," he said.

With six months to go until the scheduled end of its quantatitive easing, or QE program, the ECB needs to balance increasing concerns about asset scarcity with signs that the region's recovery is losing momentum.

The central bank has missed its target of keeping inflation just under 2 percent for over three years and doesn't foresee reaching it before late 2018.

The 25-member Governing Council earlier kept its main refinancing rate at zero, the deposit rate at minus 0.4 percent and asset purchases at around 80 billion euros a month until March 2017, as predicted in a Bloomberg survey.

While he stressed that policy makers did not discuss the possibility of extending the duration of QE beyond its scheduled end of March 2016, the ECB president reaffirmed the Governing Council's unanimous commitment to carry out current stimulus until it sees a sustained adjustment in the path of inflation consistent with its inflation aim.

"We see that our monetary policy is effective, we see that its full impact is now in the macroeconomic projections, but we also see that there have been considerable decreases in all interest rates," Draghi said. Available evidence so far suggests resilience of the euro area economy to political and economic uncertainties.

Source: BLOOMBERG
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Europe - Economic Data & News 12 (Jul 15 - Dec 16)

Postby behappyalways » Fri Sep 09, 2016 6:37 pm

ECB's Mario Draghi has run out of magic as deflation closes in
http://www.telegraph.co.uk/business/201 ... closes-in/
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Sat Oct 01, 2016 6:32 pm

Deutsche Bank’s Woes Put $2 Trillion of Bonds Beyond ECB’s Reach

by Lukanyo Mnyanda

Haven demand makes more sovereign debt inelgible for QE
German 10-year bund yields fall for third straight week

Ten-year German bund yields touched a post-Brexit-decision high of 0.08 percent within a week of the meeting, before falling back to minus 0.12 percent as of the 5 p.m. London-time close on Friday.

That’s the third straight week that yields on the euro region’s benchmark government securities have dropped.


Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... yptr=yahoo
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Thu Nov 24, 2016 8:39 pm

ECB Warns of Market Correction as Political Instability Spreads

by Alessandro Speciale

Source: Bloomberg

http://finance.yahoo.com/news/ecb-warns ... 59560.html
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Thu Dec 08, 2016 9:38 pm

ECB unexpectedly cuts asset buys, extends until end 2017

By Balazs Koranyi and Francesco Canepa

The European Central Bank unexpectedly reduced its asset buys on Thursday but reserved the right to increase purchases once again, a decision that may be seen as a concession to conservative euro zone members such as Germany.

The ECB will reduce its asset buys to 60 billion euros from next April from the current 80 billion euros, maintaining the buys until the end of the year.

Source: Reuters

http://www.reuters.com/article/us-ecb-p ... the%20Bell
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Fri Apr 07, 2017 5:00 pm

Here’s Draghi’s 4-point checklist for when it’s time for the ECB to hike interest rates

First: Headline inflation is on a path to levels below, but close to 2% over a meaningful medium-term horizon.

Second: Inflation will be durable and stabilize around those levels with sufficient confidence.

Third: Inflation will be self-sustained, meaning it will maintain its trajectory even with diminishing support from monetary policy.

Finally: It goes without saying that in each case, the relevant metric is eurozone inflation, not the inflation rates of any individual country.


Source: MarketWatch

http://finance.yahoo.com/m/c6a42eec-8b3 ... point.html
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Re: Europe - ECB (May 08 - Dec 16)

Postby winston » Wed May 31, 2017 8:15 am

Hopes dimmed on EC bank policy

Euro-zone growth may be improving but inflation remains subdued and still requires substantial stimulus, European Central Bank president Mario Draghi said, tempering expectations for the June 8 policy meeting.

With growth on its best run since the bloc's crisis a decade ago, pressure from more conservative countries has been mounting on Draghi to start planning an exit from its policy of aggressive bond purchases and sub-zero rates, setting up June as a potentially key meeting.

But with wage growth subdued and inflation weak, Draghi said monetary policy support was still needed to raise inflation back to the bank's 2 percent target.

Source: REUTERS
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