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Showing 1 - 10 of 13 results for "ECB staff"

ECB raises rates to record high of 4%

CASSANDRA BALDINI  |  FRIDAY, 15 SEP 2023
... said. It further stated that underlying price pressures remain high, even though most indicators have started to ease. "ECB staff have slightly revised down the projected path for inflation excluding energy and food, to an average of 5.1% in 2023, 2.9% ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
... its targeted longer-term refinancing operations (TLTRO III). This made sense given the positive tweak in the latest ECB staff macroeconomic projections for the single currency region. The September forecasts show Eurozone GDP contracting by 8% in 2020 ...

Chief economist update: ECB exit proves premature

BENJAMIN ONG  |  FRIDAY, 31 MAY 2019
... recorded in October last year and had been below the ECB's target for five months running. Back in March this year, the ECB staff downgraded its GDP growth projections to 1.1% this year and 1.6% in 2020. This compares with the previous forecasts ...

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
... related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets." So much so the ECB staff has once again lowered its GDP growth projections to 1.1% this year and 1.6% in 2020. This compares with the last forecast ...

Chief economist update: ECB bids farewell to QE

BENJAMIN ONG  |  FRIDAY, 14 DEC 2018
... with that simile but the ECB staff's downward revision to its macroeconomic projections raised a question mark. The ECB staff lowered its GDP growth forecasts to 1.9% (from 2.0% predicted in September) this year and 1.7% this year and in 2020 (from ...

Chief economist update: Eurozone growth slowing fast

BENJAMIN ONG  |  WEDNESDAY, 31 OCT 2018
... strong growth" of the last four quarters of 2017 - 0.7% quarterly growth rate in all quarters. Reflecting this, the ECB staff revised down its macroeconomic projections at the ECB meeting in September. The ECB staff macroeconomic projections "foresee ...

Chief economist update: Steady as she goes

BENJAMIN ONG  |  FRIDAY, 14 SEP 2018
... current €30 billion (until the end of this month) to €15 billion from October to December 2018, and will then end. The ECB staff macroeconomic projections "foresee annual real GDP increasing by 2% in 2018, 1.8% in 2019 and 1.7% in 2020. Since the ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... staff projects annual real GDP growth of 2.4% in 2017, 2.3% in 2018 and 1.9% in 2019. "Compared with the September 2017 ECB staff macroeconomic projections, the outlook for real GDP growth has been revised up substantially." HICP inflation projections ...

Low-flation at the core

BENJAMIN ONG  |  FRIDAY, 10 MAR 2017
... inflation, we stand ready to increase our asset purchase programme in terms of size and/or duration." The March 2017 ECB staff macroeconomic projections for the euro area foresees annual real GDP increasing by 1.8% in 2017, by 1.7% in 2018 and by 1.6% ...
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