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Showing 21 - 30 of 85 results for "Governing Council"

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
... when it issued its October monetary policy statement. "Regarding non-standard monetary policy measures, the Governing Council will continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until ...

Chief economist update: Super Mario keeps his cool

BENJAMIN ONG  |  FRIDAY, 26 OCT 2018
The European Central Bank's (ECB) October 25 Governing Council meeting concluded with a decision that markets widely expected. The ECB left interest rates unchanged - the benchmark refinancing rate at 0%, the marginal lending facility rate at 0.25% ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
Yesterday's European Central Bank's (ECB) Governing Council meeting would have been a big ho-hum were it not for some minor, albeit significant, tweaks in the bank's outlook. As expected, the ECB left interest rates unchanged - the benchmark ...

Chief economist update: ECB on track for exit

BENJAMIN ONG  |  FRIDAY, 27 JUL 2018
... thereafter, until the end of 2018. And for that big question mark on the first rate hike in the current cycle: "The Governing Council expects the key ECB interest rates to remain at their present levels at least through the summer of 2019, and in any ...

Chief economist update: ECB cannot be any clearer

BENJAMIN ONG  |  FRIDAY, 15 JUN 2018
... about semantics. The revelations made by the European Central Bank (ECB) after its 14 June powwow shows the Governing Council believes that while they have yet to reach their final destination - "convergence of inflation towards levels that are below ...

Chief economist update: Italy and Spain an emerging ECB problem

BENJAMIN ONG  |  MONDAY, 28 MAY 2018
... concern over the "the threat of increased protectionism." This, according to the minutes of the ECB's April 26 Governing Council, would have "implications for the medium-term outlook for growth and prices." Still, it remains confident about the region's ...

Chief economist update: Prudence, patience and persistence

BENJAMIN ONG  |  FRIDAY, 27 APR 2018
The European Central Bank's (ECB) 26 April Governing Council meeting produced unchanged monetary policy settings yet again, marking the 26th month of inaction. The eurozone's interest rates haven't changed - repo rate at 0.0%; deposit facility at -0.40% ...

Chief economist update: The key to ECB taper

BENJAMIN ONG  |  TUESDAY, 27 FEB 2018
... ship has weather'd every rack, the prize we sought is won..." As revealed in the minutes of the 24-25 January Governing Council meeting: "some members expressed a preference for dropping the easing bias regarding the APP from the Governing Council's ...

Chief economist update: Three minutes

BENJAMIN ONG  |  MONDAY, 26 FEB 2018
... quarter. 'twas same old, same old for the ECB too with the minutes of its 24-25 January meeting revealing that the Governing Council deemed it premature to change even its communication regarding monetary policy and that any change in "communication" ...

Chief economist update: Euro's uptrend is a downtrend risk

BENJAMIN ONG  |  FRIDAY, 2 FEB 2018
... president Mario Draghi to deliver a less dovish message (at the very least) after the European Central Bank's first governing council meeting for 2018. Perhaps, the underlying reason for investors' increased appetite for the euro. The euro/US$ exchange ...