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Showing 21 - 30 of 90 results for "Governing Council"

Chief economist update: ECB digs deeper

BENJAMIN ONG  |  FRIDAY, 5 APR 2019
Super Mario's back to doing whatever it takes. When European Central Bank (ECB) president Mario Draghi spoke at 'The ECB and Its Watchers XX' conference in Frankfurt on March 27, he concluded his speech emphasising that, "... the ECB will ...

Chief economist update: European Central Bank policy U-turn

BENJAMIN ONG  |  FRIDAY, 8 MAR 2019
... reasons the ECB chief listed - mainly slowing growth and inflation - following the conclusion of its 7 March 2019 Governing Council meeting. Just as Financial Standard called for RBA rate cuts and the Fed's now at neutral ahead of the pact, we also ...

Fed's pause becomes the ECB's problem

BENJAMIN ONG  |  FRIDAY, 11 JAN 2019
... (ECB) is very much aware of these new challenges just as the Fed. In the minutes of its 12-13 December 2018 Governing Council meeting, the ECB confirmed that, interest rates would remain at present levels "for as long as necessary to ensure the continued ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
... repo rate at 0%; deposit facility rate at -0.4%; marginal lending facility rate at 0.25% - at its December 13 Governing Council meeting, it also confirmed that its €2.6 trillion asset purchase programme (APP) will be no more by the end of December ...

Chief economist update: Is TLTRO III coming?

BENJAMIN ONG  |  TUESDAY, 27 NOV 2018
Minutes of the European 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 ...

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 ...