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Showing 1 - 10 of 88 results for "Governing Council"

ECB drops interest rates to 3.25%

KARREN VERGARA  |  FRIDAY, 18 OCT 2024
... marginal lending facility, which will decrease to 3.25%, 3.40%, and 3.65% respectively from October 23. The ECB's Governing Council said its decision to lower the deposit facility rate, which drives monetary policy decisions, was based on inflation data. ...

ECB cuts rates for second time

KARREN VERGARA  |  FRIDAY, 13 SEP 2024
... annual rates. Inflation should then decline towards our target over the second half of next year," the ECB's Governing Council said. Domestic inflation, however, remains high as Europeans' wages are rising at an elevated pace. Labour cost pressures on ...

ECB drops interest rates to 3.75%

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... outlook, the dynamics of underlying inflation, and the strength of monetary policy transmission, the bank's Governing Council said overnight, adding that "it is now appropriate to moderate the degree of monetary policy restriction after nine months ...

ECB raises rates to record high of 4%

CASSANDRA BALDINI  |  FRIDAY, 15 SEP 2023
... rates by a further 25 basis points to a historical peak of 4%, saying inflation is simply still too high. The governing council remains determined in its efforts to drag inflation back down to its 2% medium target as soon as possible, it said. It also ...

Economic recap: Week to July 9

BENJAMIN ONG  |  MONDAY, 12 JUL 2021
... January 2020. Under the new strategy, the ECB will adopt a symmetric inflation target over the medium term. "The Governing Council considers that price stability is best maintained by aiming for a 2% inflation target over the medium term. This target ...

Chief economist update: Anchoring the recovery

BENJAMIN ONG  |  TUESDAY, 15 JUN 2021
... the marginal lending facility and the deposit facility at 0.00%, 0.25% and -0.50%, respectively. Also: "The Governing Council will continue to conduct net asset purchases under the pandemic emergency purchase programme (PEPP) with a total envelope of ...

Chief economist update: Europa rides the bull once again

BENJAMIN ONG  |  FRIDAY, 9 APR 2021
Just like the myth of Europa, Eurozone equities are riding on the back of a bull. Eurozone equities soared to their highest levels in 13 years. The VStoxx index - the Eurozone's fear gauge dropped to 13-month lows. Lucky 13. The Euro Stoxx-50 index ...

Chief economist update: ECB gives PEPP talk

BENJAMIN ONG  |  FRIDAY, 12 MAR 2021
It's not what the European Central Bank (ECB) did at its March governing council meeting - keeping monetary policy settings unchanged - but its PEPP (pandemic emergency purchase programme) talk that sent the Euro Stoxx-50 index on the up and up. ...

Chief economist update: ECB expands PEPP

BENJAMIN ONG  |  FRIDAY, 11 DEC 2020
... developments in the exchange rate with regard to their possible implications for the medium-term inflation outlook. The Governing Council therefore continues to stand ready to adjust all of its instruments, as appropriate, to ensure that inflation moves ...

Chief economist update: ECB keeps it steady

BENJAMIN ONG  |  FRIDAY, 11 SEP 2020
... deliberated, they...well...didn't do anything. At its September 10 meeting, the European Central Bank's (ECB) governing council decided to keep interest rates unchanged - repo rate at 0.00%; marginal lending facility rate at 0.25%; deposit facility ...
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