The European Central Bank came out on Thursday as markets had expected. The bank decided to slow down in bond purchases and raised the inflation forecast. Policymakers emphasized that the change is not “Tapering” as the change will be on the PEPP, not APP as the bank strengthens its growth …
Read More »ECB Leaves Key Rates Unchanged
The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected.
Read More »All Eyes on ECB With PEPP Tapering Expected in Q4
The European Central Bank’s Governing Council will meet this week to decide on the level of PEPP purchases; analysts expect a reduction after two-quarters of higher purchases. the amount will remain undetermined, but monthly purchases may be reduced to 60 billion euros from the current 80 billion euros. Statements made …
Read More »ECB Not Expected to End PEPP at Next Meeting
Reuters reported on Friday that European Central Bank policymakers do not expect to decide on potential changes to the pandemic emergency purchase program (PEPP) at its September meeting, citing three sources familiar with the matter. Sources also indicated that a decision on PEPP would likely be made in October or …
Read More »Euro Declines Following ECB Vow to Maintain Accommodative Policy
The Euro (EUR) declined on Thursday against the U.S. Dollar (USD), after the European Central Bank (ECB) announced new monetary policy targets that suggest extending support for longer to ensure the Eurozone economic recovery while boosting inflation that has been low for nearly a decade. The EUR/USD pair declined by …
Read More »ECB Announces New Monetary Policy Targets
The European Central Bank’s meeting today, Thursday, July 22, was quiet but announced new monetary policy targets that suggest extending support for a longer time to the eurozone economy while boosting inflation, which has been low for nearly a decade from its 2% target. The bank said it expects interest …
Read More »ECB Leaves Monetary Policy Unchanged
The European Central Bank decided to keep its monetary policy unchanged as widely expected in today’s meeting. The ECB left the interest rates on the main refinancing operations, the marginal lending facility, and the deposit facility unchanged at 0.00%, 0.25%, and -0.50%. EUR/USD remained close to the 1.1800 handle, unaffected …
Read More »What You Need to Know About the Digital Euro Project
Financial technology has led to huge developments in the industry over the past decades, and one area in particular that is currently attracting growing interest from central banks around the world is digital currencies. The European Central Bank (ECB) has already launched a project to create a digital version of …
Read More »ECB Vows to Put New Policy in the Next Meeting
The European Central Bank (ECB) is expected to lay out a new policy path during its upcoming meeting after a change in its inflation strategy. The central bank is now able to tolerate inflation higher than the 2% target, keeping in mind that it does not plan to end the …
Read More »ECB Accounts: Members Debated Reducing Bond Purchases in June Meeting
The European Central Bank (ECB) released the accounts of its June monetary policy meeting on Friday, with the key highlights found below, per Reuters. Concerns expressed that any change in net purchases not based on improvement in inflation outlook would lead to unwarranted tightening of financial conditions.Financing conditions were assessed …
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