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Showing 11 - 20 of 99 results for %22Monetary Policy Council%22

Chief economist update: Gold 2000

BENJAMIN ONG  |  WEDNESDAY, 29 JUL 2020
... does not contain the prospect of a fall in capital value should interest rates head even lower. The massive amount of monetary and fiscal stimulus implemented around the globe could lead to rising inflation - gold's best friend. All signs appear ...

Chief economist update: Steady as it was, steady it will be

BENJAMIN ONG  |  WEDNESDAY, 29 JAN 2020
... Lagarde's second meeting as ECB president - provided little excitement. It's steady as it was... The ECB kept monetary policy unchanged. "The interest rate on the main refinancing operations and the interest rates on the marginal lending facility ...

Chief economist update: Changing to Lagarde

BENJAMIN ONG  |  FRIDAY, 13 DEC 2019
As expected, the European Central Bank (ECB) kept monetary policy settings unchanged at its 12 December Governing Council meeting. "...the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... one (so far) had only been announced a month before (in September) where the ECB decided to adopt substantial monetary policy stimulus measures. It stated: "The package consists of five elements: (i) a cut in the interest rate on the deposit facility ...

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

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
... refinancing operations (TLTRO III) to preserve favourable bank lending conditions, ensure the smooth transmission of monetary policy and further support the accommodative stance of monetary policy." "The interest rate in each operation will now be set ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
... president Mario Draghi told his audience (and the world) at his press conference straight after the ECB's last monetary policy meeting held on the July 25. Because, as he put it: "The risks surrounding the euro area growth outlook remain tilted to ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
... European Central Bank (ECB) concluded its Governing Council meeting on the June 6, not only had it announced to keep monetary policy settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.4% - but it also pushed ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
... slow progress in addressing structural issues. Like other major world central banks, the ECB wants to bring back monetary policy towards normality. But perhaps, it was a little too soon when it ended its â,¬2.6 trillion asset purchase programme (APP) ...

Industry responds to election outcome

ELIZABETH MCARTHUR  |  MONDAY, 20 MAY 2019
... for company profits is the fragile state of economy, global risks (elevated trade tensions and China slowdown), monetary policy and the sluggish housing market which will be more impactful on economic growth and profit growth over the long term." Meanwhile ...

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
... conference in Frankfurt on March 27, he concluded his speech emphasising that, "... the ECB will adopt all the monetary policy actions that are necessary and proportionate to achieve its objective. We are not short of instruments to deliver on our mandate". ...