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Showing 1 - 10 of 20 results for "Eurosystem"

Chief economist update: ECB expands PEPP

BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
The European Central Bank (ECB) didn't disappoint financial markets expecting more goodies in their Christmas stockings. While it kept the price of credit unchanged - repo rate at 0%, marginal lending rate at 0.25% and deposit facility rate at -0.5% ...

Chief economist update: The ECB's PEPP economy

BENJAMIN ONG  |  FRIDAY, 5 JUN 2020
... in the single currency region's economic growth of between 8% (medium) and 12% (severe) this year. The revised Eurosystem staff macroeconomic projections have now been put in black and white. New forecasts show real GDP growth dropped from +1.2% ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
... with all guns blazing in her debut as the new ECB president; nor was there urgent need to do so. The December 2019 Eurosystem staff macroeconomic projections for the euro area was broadly unchanged from its September forecasts. Annual real GDP is expected ...

Chief economist update: Whatever it takes, however long it takes

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
Financial Standard already said its piece several days before the European Central Bank's (ECB) September 12 meeting, concluding that: "Super Mario would want to go out with a bang (his last month in office) and do "whatever it takes" to mitigate ...

Chief economist update: Euro contagion redux?

BENJAMIN ONG  |  FRIDAY, 8 FEB 2019
... inflation to moderate to 1.4% in 2019 (from 1.7% last year) before picking up to 1.5% in 2020. These compare with the Eurosystem staff's guesstimates for HICP inflation to rise to 1.5% in 2019 and 1.7% in 2020. But as the EU Commission's latest ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... forgotten, the ECB's website offers a definition: "The targeted longer-term refinancing operations (TLTROs) are Eurosystem operations that provide financing to credit institutions for periods of up to four years. They offer long-term funding at attractive ...

Chief economist update: ECB cannot be any clearer

BENJAMIN ONG  |  FRIDAY, 15 JUN 2018
... over the medium term" - it's near...very near. This is underscored by the revised inflation projections from the Eurosystem staff. It lifted the annual HICP inflation projections sharply to 1.7% for both 2018 and 2019 (from 1.4% predicted for both ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
... 2.4% in the June 2017 quarter to a six-year high of 2.6% in the September 2017 quarter. In its December meeting, the Eurosystem staff significantly revised up their GDP projections to "2.4% for 2017, 2.3% for 2018, 1.9% for 2019 and 1.7% for 2020". These ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... to spill over into 2018. As expected, the European Central Bank (ECB) kept monetary policy settings unchanged. The Eurosystem staff projects annual real GDP growth of 2.4% in 2017, 2.3% in 2018 and 1.9% in 2019. "Compared with the September 2017 ECB ...

Euro strength is a source of weakness

BENJAMIN ONG  |  FRIDAY, 8 SEP 2017
... following last night's meeting, it did mention the euro in its monetary policy statement: "Compared with the June 2017 Eurosystem staff macroeconomic projections, the outlook for headline HICP inflation has been revised down slightly, mainly reflecting ...
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