ECB Stresses Current Inflation Hump Shaped Not Stagflation

ECB accounts of its October monetary policy meeting addressed a lot of key questions. The big one, is inflation transitory and are we headed for stagflation? The Bank recalled that stagflation experiences in the 1970s occurred in a different environment, in which indexation allowed wages to react to energy prices. The shortage of critical supplies including energy and other commodities has “seen market-based measures of inflation compensation in the euro area had surged to their highest levels in over seven years, … Continue reading “ECB Stresses Current Inflation Hump Shaped Not Stagflation”

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

Germany SPD and CDU Battle To Become Largest Party in Bundestag After Angela Merkel Era

Centre-left SPD and their candidate, Olaf Scholz, secured a narrow win in the German election which saw Angela Merkel’s centre-right CDU party and their candidate, Armin Laschet, plunge to a historic low. Parties will embark on “exploratory talks” to form a government, with a three-way coalition considered the most likely.

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.

ECB Leaves Rates Unchanged, PEPP to Continue to Run at Significantly Higher Pace

ECB left rates unchanged as expected in June. 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.

ECB Leaves Rates Unchanged, PEPP Flexible According to Market Conditions

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. PEPP purchases over the current quarter to continue to be significantly higher. Reaffirms size of PEPP program at €1.85 trillion.

ECB Leaves Rates Unchanged, PEPP Purchase Over Next Quarter To Be Significantly Faster

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. Will maintain supportive measures “until it judges that the coronavirus crisis phase is over”

ECB Leaves Rates Unchanged, Favorable Financing Conditions Plans

ECB left rates unchanged as expected in January. 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. Will maintain supportive measures “until it judges that the coronavirus crisis phase is over”

ECB Leaves Rates Unchanged, 9 Month Extension of PEPP Stimulus

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. Will maintain supportive measures “until it judges that the coronavirus crisis phase is over”