News Event
From Trading Economics: The European Central Bank held its benchmark refinancing rate at 0 percent for the seventh straight time on December 8th, as widely expected, and extended its programme of quantitative easing until December 2017. Policymakers decided to continue its purchases under the asset purchase programme at the current monthly pace of €80 billion until the end of March 2017.…
]]>
News Event
From Trading Economics: The European Central Bank held its benchmark refinancing rate at 0 percent for the seventh straight time on December 8th, as widely expected, and extended its programme of quantitative easing until December 2017. Policymakers decided to continue its purchases under the asset purchase programme at the current monthly pace of €80 billion until the end of March 2017.…
]]>
Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
]]>
Eurozone economic growth stabilized as initially estimated in the third quarter, data from Eurostat showed Tuesday. Gross domestic product expanded 0.3 percent sequentially in the third quarter, the same pace of growth as seen in the second quarter, while there was a small upward revision in annual growth to 1.7% from the previous estimate of 1.6% and the annual rate has held at 1.7% for the past three quarters.…
]]>
Eurozone unemployment rate declined to the lowest in more than eighty- seven months in October, reflecting strong momentum in the labor market despite weak economic growth.
The Eurozone unemployment rate declined to 9.8% for October from a revised 9.9% for September, which was originally reported as 10.0% and was also lower than the consensus forecast of 10.0% for the month.…
]]>
Eurozone unemployment rate declined to the lowest in more than eighty- seven months in October, reflecting strong momentum in the labor market despite weak economic growth.
The Eurozone unemployment rate declined to 9.8% for October from a revised 9.9% for September, which was originally reported as 10.0% and was also lower than the consensus forecast of 10.0% for the month.…
]]>
The European Central Bank (ECB) chose to leave all of its key interest rates unchanged today, in line with the market forecasts that the interest rate policy will stay in a holding stance while inflation rises slowly in the 19 bloc Eurozone area.…
]]>
The European Central Bank (ECB) chose to leave all of its key interest rates unchanged today, in line with the market forecasts that the interest rate policy will stay in a holding stance while inflation rises slowly in the 19 bloc Eurozone area.…
]]>
In his prepared speech to the European Parliament, the European Central Bank President Mario Draghi stated that his projections imply that the accommodative monetary policy will maintains its firm support for the cyclical recovery and the steady climb to inflation. He also expressed concerns that financing conditions must remain supportive for the underlying baseline scenario to materialize.…
]]>
In his prepared speech to the European Parliament, the European Central Bank President Mario Draghi stated that his projections imply that the accommodative monetary policy will maintains its firm support for the cyclical recovery and the steady climb to inflation. He also expressed concerns that financing conditions must remain supportive for the underlying baseline scenario to materialize.…
]]>
With just six more months of asset purchases left, and recent data highlighting the shaky nature of the recovery, most economists surveyed by Bloomberg project that the ECB will need to extend its quantitative easing scheme. But policy makers first need to decide whether that requires a redesign of a 1.7 trillion-euro ($1.9 trillion) program that is swiftly burning up the region’s supply of debt.…
]]>
With just six more months of asset purchases left, and recent data highlighting the shaky nature of the recovery, most economists surveyed by Bloomberg project that the ECB will need to extend its quantitative easing scheme. But policy makers first need to decide whether that requires a redesign of a 1.7 trillion-euro ($1.9 trillion) program that is swiftly burning up the region’s supply of debt.…
]]>
- Dollar Index falls to 7-week low
The U.S. Dollar Index fell forcefully on Thursday to fresh post Brexit lows, as remote trade dealers analysed the minutes of recent meetings from the Federal Reserve and the European Central Bank for indications of a clear signal from the two national banks.…
]]>
- Dollar Index falls to 7-week low
The U.S. Dollar Index fell forcefully on Thursday to fresh post Brexit lows, as remote trade dealers analysed the minutes of recent meetings from the Federal Reserve and the European Central Bank for indications of a clear signal from the two national banks.…
]]>
European Central Bank policy makers cautioned at their July meeting that Britain’s choice to leave the European Union could influence the world economy in unusual ways, however they chose that it was too early to talk about any new stimulus plans.…
]]>
European Central Bank policy makers cautioned at their July meeting that Britain’s choice to leave the European Union could influence the world economy in unusual ways, however they chose that it was too early to talk about any new stimulus plans.…
]]>
There is growing unease in Italy as major personalities in the government are now calling for economic calling for changes that can only be ratified if Italy leaves the EU. Italy’s PM Matteo Renzi is also willing to defy some EU policies and pump extra billions into the trouble banking system.…
There is growing unease in Italy as major personalities in the government are now calling for economic calling for changes that can only be ratified if Italy leaves the EU. Italy’s PM Matteo Renzi is also willing to defy some EU policies and pump extra billions into the trouble banking system.…
]]>
Euro zone bond yields have been headed lower this Thursday after a popular ECB policy maker suggested that the bond buying programme should be open to adjustment. The policy maker had previously taken a firm stance against adjusting the bond-buying programme but with the ongoing economic conditions, some flexibility is welcome if it will prevent a scarcity of the eligible debt.…
Euro zone bond yields have been headed lower this Thursday after a popular ECB policy maker suggested that the bond buying programme should be open to adjustment. The policy maker had previously taken a firm stance against adjusting the bond-buying programme but with the ongoing economic conditions, some flexibility is welcome if it will prevent a scarcity of the eligible debt.…
]]>