Beyond March, analysts at Wells Fargo expect the European Central Bank to start raising its Deposit Rate shortly after it completes its net bond purchases.An initial 25 bps Deposit Rate hike is expected in December 2022 and another 25 bps hike in March 2023. They consider the divergence between the …
Read More »Christine Lagarde’s Speech Summary
Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020. “Developments in the exchange rate may have a negative impact on the path of inflation.”“If this second wave of the virus proves to be less intense than the first, it …
Read More »Lagarde speech: ECB Sees 2020 GDP at -8.0% vs. -8.7% Seen in June
Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “ECB sees 2020 GDP at -8.0% (vs -8.7% seen in June).”“ECB sees 2021 GDP growth at 5% …
Read More »Lagarde Speech: Incoming Info Suggest Strong Rebound
Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “Rebound broadly in line with previous expectations.”“Level of activity well below pre-COVID levels.”“Strength of …
Read More »Lagarde Speech: Appreciation of Euro Puts Negative Pressure on Prices
Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference. “In the near term, price pressures to remain subdued.”“Euro appreciation to contribute to subdued …
Read More »ECB Leaves Key Rates Unchanged in September
At its monetary policy meeting held on September10th, the Governing Council of the European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility unchanged at 0.00%, 0.25% and -0.50%, respectively, as expected. …
Read More »Bank of Canada Rate Decision Preview
The Bank of Canada is widely expected to keep the interest rate unchanged at 0.25% at its meeting on Wednesday, with Bank of Canada Governor Tiff Macklem recently indicating that the bank will not raise rates Until 2023. The Canadian dollar hit 1.2994, its highest against the US dollar on …
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