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Showing 51 - 60 of 648 results for "ECB"

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 ...

Chief economist update: BOE going the wrong way?

BENJAMIN ONG  |  TUESDAY, 11 JUN 2019
... expectations for a 185,000 gain. The uncertainty over Trump's tariffs and its impact on global growth has prompted the ECB to push the timing of its first rate hike in eight years further out to the second half of 2020, from "at least through the ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
If there's anything that's 100% certain, it is that the European Central Bank (ECB) will keep current interest rate settings unchanged - repo at 0.00%; marginal lending facility at 0.25%; deposit facility at -0.40%. Although, given the mounting ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
... in six months. One swallow does not a spring make but two swallows? These would certainly give the European Central Bank (ECB) some sort of reprieve - a temporary reprieve. For while these topline indicators - GDP and inflation - have improved, others ...

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
... the GFC just a decade before is a perfect example. The same thing is happening now as I write. The Fed's on pause; the ECB has just announced LTRO III; the BOJ governor has said "we'll consider easing policy"; the BOE adding "gradual pace and ...

Chief economist update: Japan yearns for a weaker yen

BENJAMIN ONG  |  THURSDAY, 11 APR 2019
... reaffirmed its commitment to leave interest rates on hold this year - and a similar one from the European Central Bank's (ECB) April meeting - it kept interest rates unchanged and reiterated that it would keep interest rates at record low levels ...

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: The AUD's resilience

BENJAMIN ONG  |  TUESDAY, 19 MAR 2019
The Reserve Bank of Australia (RBA) will release the minutes of its March 5 board meeting - when it decided to keep interest rates unchanged at a record low 1.5% - today. I imagine that the men and women of the RBA board would have discussed the slowing ...