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Showing 51 - 60 of 655 results for "ECB"

No room for policy mistakes

BENJAMIN ONG  |  TUESDAY, 22 OCT 2019
... again) under its new managing director Kristalina Georgieva (who replaced Christine Lagarde who's replaced Mario Draghi as ECB chief). To be sure, Dr Georgieva has already warned about this in her inaugural speech on the 6th of October "Everyone ...

Chief economist update: Brexit uncertainty is not all that bad

BENJAMIN ONG  |  TUESDAY, 15 OCT 2019
... when the US Federal Reserve has already cut rates twice (and is expected to do cut some more); the European Central Bank (ECB) has taken its deposit facility rate further into the negative and is re-starting QE in November; and, the Bank of Japan (BOJ) ...

Chief economist update: The greatest central banker of modern times

BENJAMIN ONG  |  TUESDAY, 1 OCT 2019
... of the world's biggest central banks, presiding over a fast slowing economy and running out of time. Such is departing ECB president Mario Draghi's predicament. Listed as the 8th most powerful person in the world by Forbes in 2014, ranked as ...

Chief economist update: The BOJ needs to run faster to stay in the running

BENJAMIN ONG  |  MONDAY, 23 SEP 2019
... cut interest rates a second time just at its 17-18 September FOMC meeting just hours before and the European Central Bank (ECB) - when they met on the 12th of the same month - lowered the deposit rate by 10 bps to -0.50%; announced that it will be re-starting ...

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

BENJAMIN ONG  |  FRIDAY, 13 SEP 2019
Financial Standard already said its piece several days before the European Central Bank's (ECB) September 12 meeting, concluding that: "Super Mario would want to go out with a bang (his last month in office) and do "whatever it takes" to mitigate ...

Chief economist update: Super Mario's last hurrah

BENJAMIN ONG  |  TUESDAY, 3 SEP 2019
... domestic price pressures, and, thus, headline inflation developments over the medium term." This was what European Central Bank (ECB) president Mario Draghi told his audience (and the world) at his press conference straight after the ECB's last monetary ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

Chief economist update: Greater than the Great Recession of 2008

BENJAMIN ONG  |  THURSDAY, 15 AUG 2019
... banks were higher - 7.25% for the RBA (now 1%); 5.75% for the BOE (now 0.75%); 5.25% for the Fed (now 2.25%); 4.25% for the ECB (now 0%); and, 0.5% for the BOJ (now -0.1%). How much lower can they go? How long is a piece of string? Recent history proves ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... Tokyo would have to do much more stimulation. Whatever happened to Abe's three arrows? The European Central Bank's (ECB) main refinancing rate had been at zero since March 2016 and while it had ended QE in December last year, it's launching ...

Chief economist update: ECB to leave no policy tool unturned

BENJAMIN ONG  |  WEDNESDAY, 26 JUN 2019
When the 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 ...