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

Search Results

Showing 41 - 50 of 157 results for "Draghi"

We've got the power and firepower (still)

BENJAMIN ONG  |  MONDAY, 14 MAR 2016
... far this year. The S&P/NZX 50 index gained 1.1% over the week for a 2.4% positive return this year to date. While Mario Draghi's "communication failure" - "...we don't anticipate that it will be necessary to reduce further rates." - negated initial positive ...

Four bazookas and a phrase

BENJAMIN ONG  |  FRIDAY, 11 MAR 2016
... tried, and he tried but he can't get no satisfaction, oh no, no. no. For all intents and purposes, ECB President Mario Draghi over-delivered on the eagerly-awaited stimulus promised two months ago. He came in firing not with one... but four bazookas ...

A "must do" for the ECB

BENJAMIN ONG  |  TUESDAY, 1 MAR 2016
Latest euro area inflation data released by Eurostat has all but ensured that ECB President Mario Draghi will make good on his 21 January promise to "...reconsider our monetary policy stance at our next meeting in early March" aka increase policy stimulus. ...

BOJ goes negative to get postive

BENJAMIN ONG  |  MONDAY, 1 FEB 2016
A week and a day after equity markets welcomed Super Mario Draghi's announcement that the European Central Bank (ECB) would "review and possibly reconsider our monetary policy stance at our next meeting in early March in order to secure a return of ...

It's "whatever it takes" time again

BENJAMIN ONG  |  FRIDAY, 22 JAN 2016
... in order to secure a return of inflation rates towards levels below, but close to, 2%" In his Q&A, ECB President Mario Draghi even stressed that, "we have the power, the willingness and the determination to act. There are no limits to how far we are ...

Lesson in expectations management

BENJAMIN ONG  |  FRIDAY, 18 DEC 2015
... at how deftly Fed Chair Janet Yellen pulled lift-off off - more so, if viewed in contrast with the ECB President Mario Draghi's disastrous handling of his own "policy announcement" on 3 December. The Fed's decision to take the fed funds rate off virtual ...

Did ECB under-deliver or markets over-expect?

BENJAMIN ONG  |  FRIDAY, 4 DEC 2015
... points; and, 10-year bond yields dropped from 0.57% to 0.50%. And this trend persisted over the coming days - reinforced by Draghi's mid-November statement, in Frankfurt this time, that, "We consider the asset purchase programme to be a powerful and ...

Hotel California

BENJAMIN ONG  |  TUESDAY, 27 OCT 2015
... week with the euro dropping by 3.1% between 16 October and 23 October to US$1.1010 (when Santa Mario came to town). Still, Draghi insists that the exchange rate is "important for price stability, for growth, but it's not a policy target. The movements ...

Christmas in October

BENJAMIN ONG  |  MONDAY, 26 OCT 2015
... surprises - promised and actual - sent investors a-carolling last week. More stimulus is on the way! This was ECB boss Mario Draghi's early Xmas present to the markets. The only question is the form - NIRP, increase in the €60 billion per month asset ...

Santa Mario brings cheers

BENJAMIN ONG  |  FRIDAY, 23 OCT 2015
Merry Xmas to you too, signore Draghi Only two days before, most have given up expecting more goodies from "Super 'whatever it takes' Mario". No mas, not after the ECB's Bank Lending Survey showed that QE is doing what's intended to do - ease lending ...