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Showing 1 - 10 of 21 results for "LTRO"

Chief economist update: Equity market rally has legs

BENJAMIN ONG  |  TUESDAY, 16 APR 2019
... 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 to a limited extent" ...

Chief economist update: Prepare for lift-off

BENJAMIN ONG  |  MONDAY, 11 MAR 2019
... Reserve president John Williams only recently declared that the fed funds rate is now at neutral - the ECB has just announced LTRO III; the BOJ governor saying "we'll consider easing policy"; the BOE adding "gradual pace and to a limited extent" ...

Chief economist update: European Central Bank policy U-turn

BENJAMIN ONG  |  FRIDAY, 8 MAR 2019
... Standard called for RBA rate cuts and the Fed's now at neutral ahead of the pact, we also anticipated the coming of a fresh LTRO ahead of the pack in November last year. My apologies for the plug, but employment dictates oblige me to do so. Anyway ...

Slow, slower, slowing

BENJAMIN ONG  |  MONDAY, 10 OCT 2016
... designed to lift growth and inflation at home, they are also beggaring their neighbours. Yes Virginia, they're called "QE's" or "LTRO's" or "OMT's" or Quantitative and Qualitative Easing with a Negative Interest Rate" or "New Framework for Strengthening ...

Currency warriors, mount horses and draw swords

BENJAMIN ONG  |  FRIDAY, 6 FEB 2015
... prompted by a 9% plunge in oil prices and Greece - the ECB reportedly would accept Greek government debt as collateral for LTRO and/or TLTRO no more, no more, no more. For good measure, US jobless claims stats came in lower than market expectations ...

A trillion euros is in the mail

BENJAMIN ONG  |  FRIDAY, 7 NOV 2014
... a separate question, Draghi clarified that "the beginning of 2012 means March 2012, that is to say right after the second LTRO". The ECB's balance sheet was at about a,-3 trillion at the end of March 2012, it's currently around a,-2.1 trillion. Draghi ...

Counting up and counting down

BENJAMIN ONG  |  TUESDAY, 8 OCT 2013
... towards lowering interest rates further. And if this isn't enough, "We are ready to use any instrument, including another LTRO if needed, to maintain the short-term money market rates at a level which is warranted by our assessment of inflation in the ...

Gone in 60 seconds

BENJAMIN ONG  |  WEDNESDAY, 6 FEB 2013
... direction. And oh, yields (in spite of the previous night's spike) have fallen heaps and European banks are repaying their LTRO loans from the ECB. But Europe being Europe, expect the unexpected to happen. France and Germany are at it again. French President ...

It's happening

BENJAMIN ONG  |  TUESDAY, 29 JAN 2013

Believe

BENJAMIN ONG  |  FRIDAY, 27 JUL 2012
"C'mon baby light my fire..." That exactly was what European Central Bank (ECB) President Mario Draghi did when he spoke at the Global Investment Conference in London last night. Read his lips: "To the extent that the size of these sovereign premia ...
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