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Showing 21 - 30 of 121 results for "Asset purchases"

Chief economist update: Lock us down Scotty!

BENJAMIN ONG  |  TUESDAY, 24 MAR 2020
... liquidity. QE now open-ended after Fed has previously committed to purchasing $700 billion in Treasuries and MBS. Asset purchases will be expanded to include commercial mortgage-backed securities, or CMBS (statement)." "Also announced three new lending ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... billion). Although it kept interest rates unchanged at its March meeting, the European Central Bank (ECB) expanded its asset purchases by €120B until end-2020, as well as announcing "more favorable TLTRO terms from June 2020 to June 2020 and the total ...

Chief economist update: Brexit - the news that was

BENJAMIN ONG  |  FRIDAY, 10 JAN 2020
... the UK central bank has scope to "at least double" its August 2016 package of £60 billion (US$113 billion) of asset purchases. This is equivalent to around a 100 basis point reduction in the Bank Rate - currently at 0.75%.

Chief economist update: When QE is not QE

BENJAMIN ONG  |  MONDAY, 14 OCT 2019
... adamant it is not. It's just a "technical" measure, even publishing an explanation for the why not. "Large scale asset purchases [QE] conducted by the Federal Reserve during the financial crisis and its aftermath were concentrated in purchases of ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... Financial Times cited comments from outgoing ECB President Draghi... Stressed that all instruments from rates to asset purchases to forward guidance are ready to be calibrated." To be sure, the outlook for the eurozone appears to be deteriorating. The ...

Chief economist update: Germany in the budget's shadow

BENJAMIN ONG  |  TUESDAY, 10 SEP 2019
... stuck in "abnormal" policy settings - rates still zero or close to zero or negative, with some still engaged in asset purchases (QE)... at a time when economic activity is again losing momentum and fears that another recession is nigh is mounting. In ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
... Central Bank's (ECB) 24-25 October Governing Council meeting confirmed that it remains on track to end its net asset purchases - currently at a monthly pace of €15 billion - by the end of December 2018. No probs here. We've been warned about ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
... purchases will then end." Would these scuttle the ECB's best-laid plans and force it to extend the end of net asset purchases?

Chief economist update: Super Mario keeps his cool

BENJAMIN ONG  |  FRIDAY, 26 OCT 2018
... lending facility rate at 0.25% and the deposit facility rate at -0.4% - while at the same time confirming net asset purchases of €15 billion from October to December 2018 (reduced from €30 billion in the previous three months) after which it would ...

Chief economist update: When QE turns to QT

BENJAMIN ONG  |  TUESDAY, 16 OCT 2018
... expectations. The positive spin is that the S&P 500 has progressed beyond what's indicated by its correlation with Fed asset purchases. The negative: it has further to fall to restore the correlation established over the past decade.