ECB interest rates on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged. THe ECB gave an end date for QE but Interest rates to stay on hold until summer of 2019.
Italy To Bring in Flat Tax For Companies and Familes
Italy is to pass a flat tax for companies next year the new government announced Monday. Flat taxes will be introduced for familes also but there are conflicting reports on when.
Moody’s Puts Italy Debt On Review For Downgrade
Following more uncertainty in Italy since the recent election Moody’s Investors Service late Friday placed Italy’s debt rating on review for a downgrade. Italy’s League calls for anti Euro Paola Savona to be finance minister underscoring “significant risk of a material weakening” in Italian fiscal strength
Yields Rising is a Natural Development in the United States – Draghi
ECB President Draghi in his press conference spoke of being surprised by all European countries moderation of growth or loss of momentum after hinting at stronger EuroZone growth previously. They still see hope in wage growth and inflation.
ECB Surprised By All EU Countries Growth Slowdown – Draghi
ECB President Draghi in his press conference spoke of being surprised by all European countries moderation of growth or loss of momentum after hinting at stronger EuroZone growth previously. They still see hope in wage growth and inflation.
ECB Leaves Rates Unchanged As Expected
ECB interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged.
ECB Forecasts Higher Growth With Lower Inflation
The European Central Bank (ECB) latest forecasts show slightly higher growth this year but lower inflation in 2019. President Draghi in the opening of his statement talked about stronger growth in the ECB to 2.4% from 2.3%.
ECB Concerned About U.S. Talking Down Dollar
European Central Bank policymaker and President of the National Bank of Austria Ewald Nowotny continued with his theme of accusing the U.S. of intenionally influencing the U.S. dollar lower.
Merkel Says Europe Needs a Strong Germany
German chancellor Angela Merkel was out today saying “Europe needs a strong Germany, it is desirable to get a government in place quickly”. Germany still has not formed a government since she won the election but short of a majority.
ECB Leaves Rates Unchanged
European Central Bank announcedwill continue at the current monthly pace of €60 billion until the end of December 2017. From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion.