The European Central Bank (ECB) has extended a EUR 70 billion capital relief measures for Eurozone banks for another nine months. ECB will allow 39 banks to continue excluding holdings at central banks in calculating the mandatory leverage ratios. The measure which helps lenders supply credit amid recovery from the …
Read More »Lagarde speech: We Are Somewhat More Optimistic About The Outlook Than 3 Months Ago
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech. “We are somewhat more optimistic about the …
Read More »Lagarde speech: We Expect Growth to Improve Strength in The Second Half of The Year
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her comments on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged in June. Here are the most important quotes from her speech “We expect growth to improve strongly in …
Read More »ECB Leaves Key Rates And PEPP 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. ECB will continue to conduct net asset purchases under PEPP with a total envelope of €1,850 billion …
Read More »European Central Bank Meeting: Forecasts From 5 Major Banks
The European Central Bank is expected to leave its PEPP unchanged at a total of EUR1.85 trillion. The ECB releases its decision at 11:45 GMT while ECB President Christine Lagarde begins her press conference at 12:30 GMT. Danske Bank “The ECB meeting will focus on the financing conditions, PEPP implementation …
Read More »Markets Await ECB Decision And US Inflation Figures, What’s to Come?
The European Central Bank will announce its decision at 11:45 GMT, and if it does not cut back on purchases, the Euro may fall. The press conference begins at 12:30 GMT, on the other hand, the US will release CPI data and unsurprising inflation numbers may lead to a rebound …
Read More »ECB to Plot Next Phase of Pandemic Bond-Buying
According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.
Read More »Digital Currency Could Increase Demand for Euro – ECB
The European Central Bank (ECB) said on Wednesday that creating a digital Euro (EUR) could boost global demand for the currency, making it easier for broader use, Reuters reported. “Safety, low transaction costs and bundling effects, could ease international adoption of a currency.” “Transparency or selective privacy would enable better …
Read More »ECB Board Member Supports Climate Consideration in Bond Buying
Jens Weidmann President of the Deutsche Bundesbank, Member of the Governing Council of the European Central Bank (ECB) said on Wednesday that ECB might be moving towards reducing its bond purchases from polluting companies, within the massive stimulus program. The move signals a change in Weidmann’s position regarding an active …
Read More »ECB Warns Against Post-Pandemic Zombie Companies Challenge
The Financial Stability Review by the European Central Bank (ECB) showed on Wednesday that the low interest rates are adding to the challenge of zombie companies, noting that recovery will reveal the extent of the problem. According to the report, risks of financial stability are increasing in Europe, especially with …
Read More »