ECB Raises Key Rates 50 bps vs 25 bps Expected Approves Transmission Protection Instrument

ECB raised key rates by 50 bps in its July monetary policy decision. The market was not totally surprised given President Lagarde comments yesterday, but ECB had been saying intended to raise key interest rates by 25 bps at this meeting. The euro jumped on the decision with EUR/USD moving up from 1.0190 to 1.0250 with the ECB frontloading its interest rate increases. The TPI mechanism was introduced to counteract fragmentation risks but seems all very murky. Looking further ahead, ECB … Continue reading “ECB Raises Key Rates 50 bps vs 25 bps Expected Approves Transmission Protection Instrument”

ECB Leaves Rates Unchanged as Expected, Intends to Raise in July and September

ECB left rates unchanged as expected in June calling for an end to asset purchases. ECB Intends to raise key interest rates by 25 bps at July meeting. Looking further ahead, ECB expects to raise rates again in September. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB Monetary Policy Decision 9 June 2022 Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal … Continue reading “ECB Leaves Rates Unchanged as Expected, Intends to Raise in July and September”

Dutch Central Bank Chief First ECB Governor To Raise Prospect of 50Bps Rate Rise

A top European Central Bank official has raised the prospect of a half percentage point rate increase in July. Dutch central bank chief Klaas Knot said if inflation continues to climb then rates may need to be raised. This was the first time such an aggressive shift has been suggested. The ECB left rates unchanged as expected in April. The bank left deposit facility interest rates at -.50%. Highlights Dutch central bank chief Klaas Knot is one of the more … Continue reading “Dutch Central Bank Chief First ECB Governor To Raise Prospect of 50Bps Rate Rise”

ECB Leaves Rates Unchanged as Expected, Stresses on Flexibility in Making Future Decisions

ECB left rates unchanged as expected in April. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB reaffirmed commitment to end bond purchases in Q3 this year. Stresses on flexibility when it comes to making any future decisions. ECB Monetary Policy Decision 14 April 2022 Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal lending facility 0.25% Highlights Reaffirms that APP purchases will … Continue reading “ECB Leaves Rates Unchanged as Expected, Stresses on Flexibility in Making Future Decisions”

ECB Leaves Rates Unchanged as Expected, Commitment to End Bond Purchases in Q3 2022

ECB left rates unchanged as expected in March. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB added a commitment to end bond purchases in Q3 this year. ECB governing council expects net purchases to end shortly before it starts raising rates ECB Monetary Policy Decision 10 March 2022 Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal lending facility 0.25% Highlights ECB … Continue reading “ECB Leaves Rates Unchanged as Expected, Commitment to End Bond Purchases in Q3 2022”

ECB Leaves Rates Unchanged, Expects APP Purchases to End Shortly Before Starts Raising Key Rates

ECB left rates unchanged as expected in February. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB governing council expects net purchases to end shortly before it starts raising rates ECB Monetary Policy Decision 3 February 2022 Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal lending facility 0.25% Highlights ECB expects APP purchases to end shortly before it starts raising the key … Continue reading “ECB Leaves Rates Unchanged, Expects APP Purchases to End Shortly Before Starts Raising Key Rates”

ECB Leaves Rates Unchanged, PEPP to End in March But APP Expanded

ECB left rates unchanged as expected in December. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB governing council expects net purchases to end shortly before it starts raising rates ECB Monetary Policy Decision 16 December 2021 Deposit facility rate -0.50% Main refinancing rate 0.00% Marginal lending facility 0.25% Highlights PEPP to end in March, but APP expanded APP will continue at a … Continue reading “ECB Leaves Rates Unchanged, PEPP to End in March But APP Expanded”

ECB Leaves Rates Unchanged, APP will continue at a monthly pace of €20 billion

ECB left rates unchanged as expected in October. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB again judges that favourable financing conditions can be maintained with a moderately lower pace of PEPP purchases

ECB Leaves Rates Unchanged, See Risks Economy Broadly Balanced

ECB left rates unchanged as expected in September. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. ECB judges that favourable financing conditions can be maintained with a moderately lower pace of PEPP purchases

ECB Leaves Rates Unchanged, Symmetric Inflation Target of Two Percent

ECB left rates unchanged as expected in July. The bank left deposit facility interest rates at -.50% and held steady rates on the main refinancing operations and on the marginal lending facility unchanged. PEPP purchases over the current quarter to continue to be significantly higher. Reaffirms size of PEPP program at €1.85 trillion.