ECB: RATES HOLDING REST OF YR; EASES POLICY STANCE
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank adopted a markedly easier policy stance at Thursday’s governing council meeting, just months after terminating its multi-billion dollar quantitative easing programme, following a dramatic downward revision to its growth forecast for 2019. From September, the ECB will launch a new series of quarterly targeted longer-term […]
ECB ACKNOWLEDGES DOWNSIDE RISKS; POLICY UNCHANGED
–Euro Area Risks ‘Have Moved to the Downside’ By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank said Thursday it has no immediate plans to loosen monetary policy, despite acknowledging a substantial loss of economic momentum in the euro zone and highlighting potential headwinds to the euro zone expansion. “The risks surrounding the euro […]
ECB: TO INVEST QE PROCEEDS BEYOND RATE RISE
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank Thursday confirmed its intention to end quantitative easing at year end, despite marked signs of weakness in the euro zone economy, but stressed a commitment to reinvesting proceeds of previous bond purchases over the medium term or longer. We intend to continue to reinvesting, in […]
ECB CONFIRMS END OF QE DESPITE EZ SLOWDOWN SIGNS
By Laurie Laird FRANKFURT (MaceNews) – The European Central Bank Thursday confirmed plans to reduce its quantitative easing programme by year end, even as its leadership acknowledged a recent slowdown in the euro zone economy. The ECB reduced its purchase of assets to €15 billion at the end of September, and will cease the programme at […]
ECB CONFIRMS WINDING DOWN QE YEAR-END
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday confirmed plans to wind down its quantitative easing programme by year end, despite signs of a slowdown in euro zone industrial activity toward the end of the summer. The 0.8% slump in industrial production recorded in July represented a “sign of convergence of the […]
ECB’S DRAGHI KEEPS ‘AS LONG AS NECESSARY’; TRADE CLOUDS FORECASTS
By Laurie Laird LONDON (MaceNews) – Eurozone inflation is on track to accelerate by year end, despite a recent downturn in a range of leading indicators, but trade tensions add a new degree of uncertainty to forecasting, according to the president of the European Central Bank Thursday. Mario Draghi delivered a rather upbeat economic outlook, […]