European Central Bank President, Christine Lagarde, emphasized the commitment to combat inflationary pressures in the eurozone during her speech at the annual symposium in Jackson Hole, Wyo. She stressed the need to adjust monetary policy in the face of a changing and uncertain global environment. In light of these challenges, Lagarde highlighted the importance of adopting an … [Read more...] about Policy Shifts in the Eurozone: ECB President Christine Lagarde Speaks
ECB
ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
Source: Financial Times The European Central Bank will push through with the gradual reduction of its bond-buying program in the third quarter, even with inflation outlook risks intensifying. EZU is down 0.33%, while VGK is down 0.31%. ECB President Christine Lagarde said upside risks to inflation have “intensified,” but this is seen to weaken if demand softens in the … [Read more...] about ECB to Continue With Gradual Winding Down of Bond-Buying Program in Q3
ECB Stands Pat on Policy Rates and Bond Buying Program
Source: CNBC The European Central Bank kept its policy rates steady on Thursday as it maintained that the uptick in inflation is transitory. The ECB left its ultra-low interest rates unchanged -- the headline eurozone rate at 0% and deposit rate at -0.5%.It maintained its 1.85-trillion euro bond-buying program until March 2022 under the Pandemic Emergency Purchase Program … [Read more...] about ECB Stands Pat on Policy Rates and Bond Buying Program
ECB Unanimous on Stimulus Need, But Yet to Agree on Extent
European Central Bank’s Governing Council differed on how much additional monetary stimulus was needed in last month’s meeting, according to Bloomberg. The council, nonetheless, agreed more aid was needed to preserve favorable financing conditions. Policymakers argued for smaller and larger increases in the pandemic bond-buying program and disputed the extent of loosening … [Read more...] about ECB Unanimous on Stimulus Need, But Yet to Agree on Extent
