Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 90 results for "Governing Council"

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 ...

Chief economist update: ECB sees low rates for longer

BENJAMIN ONG  |  TUESDAY, 16 JAN 2018
... BOJ Governor Haruhiko Kuroda's quick push back on taper speculations, Deutsche Bundesbank president and ECB governing council member Jens Weidmann used his speech at the Ludwig-Erhard Summit in Bavaria to do the same. Like Kuroda, Weidmann's words partly ...

Euro strength is a source of weakness

BENJAMIN ONG  |  FRIDAY, 8 SEP 2017
... purchases "are intended to run until the end of December 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim." Emphasis on "or beyond" and the ...

Eurozone ascending

BENJAMIN ONG  |  WEDNESDAY, 24 MAY 2017
... have gaining momentum. This is a fact not lost on ECB president Marion Draghi who declared after the bank's Governing Council meeting in April that, "It's true that growth is improving, things are going better. In 2016 we were speaking of a fragile and ...

The prescience of Super Mario

BENJAMIN ONG  |  THURSDAY, 20 APR 2017
... growth has so far not translated into higher inflation and as ECB president Mario Draghi noted in the March governing council meeting, rising headline inflation mainly reflected "strong increase in annual energy and unprocessed food price inflation ...

ECB nips the bud of rate hike speculations

BENJAMIN ONG  |  FRIDAY, 31 MAR 2017
... speculations that the European Central Bank (ECB) would soon taper its policy accommodation measures soon. While the Governing Council voted to keep monetary policy settings unchanged following their 9 March meeting - and its forward guidance nearly ...