The European Central Bank (ECB) President, Christine Lagarde, said on Tuesday that the economic recovery in the Eurozone remains challenged by uncertainty, which requires continuous support from market authorities. Lagarde believes it is essential that the “monetary and fiscal support are not withdrawn too soon,” ruling out expectations of reducing …
Read More »Important Remarks by ECB Officials
The European Central Bank (ECB) does not to reduce its massive stimulus measures until the Eurozone reaches the price stability target with inflation rate reaching 2%, according to ECB Board Member Fabio Panetta said on Monday. Panetta, former Director General of Bank of Italy and President of the Institute for …
Read More »ECB Maintains Rates and Bond Buying Unchanged
The European Central Bank (ECB) decided on Thursday to maintain its monetary policy unchanged, by holding interest rates at their current levels. The deposit rate stands at -0.5%, while the main refinancing rate remains at 0%. In addition, the ECB decided to keep the current pace of asset purchases at …
Read More »Why the ECB is Optimistic about Recovery in H2?
The President of the European Central Bank (ECB), Christine Lagarde, believes that the European Union (EU) will see strong economic growth and recovery during the second half (H2) of the year. “Light is at the end of the tunnel. We can see it. It is not yet within touching distance. …
Read More »ECB Meeting Accounts: ECB to Maintain Accommodative Policy
The European Central Bank’s (ECB) policymakers reassured that they will maintain an accommodative monetary policy for as long as necessary and saw no risk of overheating, the ECB’s March Monetary Policy Meeting Accounts showed on Thursday.
Read More »ECB’s Lagarde: Euro Area Activity Should Pick Up
Pandemic and related containment measures will continue to adversely affect Euro area economic activity in the short term, says the ECB President Christine Lagarde at the 43rd IMFC meeting. “Beyond the short term, Euro area activity should pick up.”“The risks surrounding the Euro area growth outlook have become more balanced.”“Underlying …
Read More »ECB’s Visco Warns That Uneven Vaccination Pace Could Threaten Global Recovery
The irregular pace at which countries are carrying out their vaccination campaigns against COVID-19 poses the biggest threat to a global economic recovery, the European Central Bank Governing Council member and Italian central bank chief Ignazio Visco warned in an interview with the Financial Times. “We need to maintain close …
Read More »ECB: Lagarde Speech Highlights
Christine Lagarde, President of the Europen Central Bank (ECB), is delivering her remarks on the monetary policy outlook in a press conference following the ECB’s decision to leave the policy settings unchanged. “Overal economic situation is expected to improve in 2021.” “Uncertainty remains.” “Persistently high COVID rates, lockdowns weigh on …
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.
Read More »ECB Set to Leave Policy Unchanged: Forecast from 14 major banks
The European Central Bank will announce its policy decision at 12:45 GMT, followed by the ECB President Christine Lagarde’s conference at 1330 GMT. here are the forecasts by the economists and researchers of 14 major banks. Danske Bank “We do not expect new policy decisions, but a reiteration of all …
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