Category: ECB Interest Rates
The analysis published under this category are as follows.
Thursday, August 02, 2012
Pimco Bill Gross - Draghi Disappoint​s with Lack of ECB Policy Moves / Interest-Rates / ECB Interest Rates
By: Bloomberg
Bill Gross, co-CIO of PIMCO, appeared on Bloomberg TV’s “In the Loop” with Betty Liu and said that Mario Draghi disappointed investors by not offering concrete policy steps: "we were hoping for, at least temporarily, some type of specific effort on the part of the central banks."
Gross also responded to Jeremy Siegel's comments on Bloomberg TV earlier today that Gross doesn't know economics by suggesting that he "hasn't even read my piece, let alone understood it." Gross said that Siegel “belongs back in his Ivory tower.”
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Friday, November 11, 2011
Charting Euro Macro, Yields and LIBOR Interest Rate Spreads / Interest-Rates / ECB Interest Rates
By: Ashraf_Laidi
Wednesday's 2% decline in EURUSD was the only 3rd of such magnitude over the past 3 years. There have been five of + or 2% in the last 3 years, 2 of which occurred last month; (-2% Oct 31 after referendum announcement and +2% on Oct 27 after the EFSF/Troika/recap deal). Yesterdays 13% surge in EURUSD 1-month volatility typified the broadening rise in the currency's volatility as of late.
Friday, May 06, 2011
ECB Interest Rates, Nothing New, No Problems / Interest-Rates / ECB Interest Rates
By: Axel_Merk
After raising interest rates by 0.25% a month ago, the European Central Bank (ECB) left interest rates unchanged at today's meeting of its Governing Council. The press conference that followed was held in Helsinki; Finland just elected a new government that may block the aid package put together for Portugal. Adjusting to the Nordic spirit of not wasting time with small talk, ECB head Trichet was very much to the point with his answers:
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Thursday, April 07, 2011
ECB Takes Away Low Interest Rate Punch Bowl / Interest-Rates / ECB Interest Rates
By: Axel_Merk
Today, the European Central Bank (ECB) raised its main refinancing rate by 0.25% to 1.25%.
ECB President Trichet has long argued that its monetary policy is independent of the "extraordinary measures" put in place to support the financial system. However, it was only earlier this year that the market took Trichet's suggestions that he may raise rates seriously, even as the sovereign debt crisis remains unresolved.
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Friday, March 04, 2011
ECB President Trichet’s Remarks Beg Questions on Eurozone Interest Rates / Interest-Rates / ECB Interest Rates
By: Asha_Bangalore
President Trichet of European Central Bank (ECB) noted at this morning's press conference that "strong vigilance is warranted with a view to containing upside risks to price stability." This statement implies that the ECB is considering tightening monetary policy in the very near term. President Trichet's hawkish stance is based on the region's inflation rate of 2.3% in January and inflation excluding food and energy was 1.2%. The all-items inflation reading exceeds the ECB's target of 2.0% and reflects a jump in energy prices. So, at the top of Trichet's to-do list is to prepare markets for a higher policy rate from the current level of 1.0%.
Monday, February 28, 2011
German Economic Growth Miracle is Not Miraculous Enough for an ECB Rate Hike / Interest-Rates / ECB Interest Rates
By: ECR_Research
The case for an interest rate increase by the ECB is building. Inflation in the euro zone is creeping up, and tensions in the Middle East are adding fuel to the ‘inflation fire’ by sending oil prices higher. The biggest worry of the ECB is that, although the inflationary effects of higher oil prices are mostly temporary, it will lead to a positive wage-price spiral in Europe’s biggest economy: Germany.
Thursday, January 20, 2011
Trichet and the ECB, Finalizing a Legacy / Interest-Rates / ECB Interest Rates
By: David_Urban
On October 31, 2011 the tenure of ECB President Trichet will come do an end. In the coming months we will likely hear an increasing drumbeat of noise concerning who will replace Trichet and what policies the new leader of the ECB will embrace. In the meantime, it is likely that Trichet will use the remaining months to tie up loose ends regarding the PIIGS and set a potential course for his successor.
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Monday, January 17, 2011
Sterling and European short rates: which is the better bear market? / Interest-Rates / ECB Interest Rates
By: Seven_Days_Ahead
Inflation is increasingly becoming an issue for traders in many markets. As economic recovery slowly strengthens, fears of deflation, even in the US have given way to worries that inflation may emerge as the next big challenge after a prolonged period of exceptionally low interest rates in the major developed economies.
Thursday, March 04, 2010
ECB - Greece is Convincing / Interest-Rates / ECB Interest Rates
By: Axel_Merk
At its monthly press conference, European Central Bank (ECB) President Trichet announced a further gradual reduction of emergency lending facilities. Focus of the meeting was the fiscal austerity package passed by Greece's parliament the previous day. Unlike previous commentaries, Trichet was full of praise for Greece, saying it was "extremely important that the decisions taken by Greece could be convincing because they would credibilize [sic] the adjustment program that was absolutely necessary."
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Monday, February 08, 2010
ECB in a Fix, Trichet is as Chill as Ever! / Interest-Rates / ECB Interest Rates
By: Vishal_Damor
Trichet is one of the stalwarts of the economic crisis of 2008. He steered the EU economy through one of the most difficult eras after its creation and yet has maintained one of the cleanest balance sheet (Deficit 6% of GDP: one can almost mistake it for China or India Balance sheet).
Thursday, December 03, 2009
ECB, The Reluctant Interest Rate Hawk? / Interest-Rates / ECB Interest Rates
By: Axel_Merk
The European Central Bank (ECB) kept its main refinancing rate unchanged at 1%, but announced that it will phase out its six-month and one-year refinancing facilities and move to an index-based interest rate rather than a fixed or auction based rate for future refinancing operations.
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Friday, February 08, 2008
ECB Smoke and Mirrors to Mask Explosive Money Supply Growth Fueling Inflation / Interest-Rates / ECB Interest Rates
By: Gary_Dorsch
European Central Bank chief, Jean "Tricky" Trichet, likes to operate behind a veil of "Smoke and Mirrors" in managing the Euro zone's monetary policy, which is designed to fool most people, most of the time. Most importantly, "Tricky" Trichet, has fueled the fastest growth in the Euro M3 money supply in history, running at three times the rate of the ECB's original guidelines, deemed consistent with low inflation.
So it shouldn't have been a surprise to learn that inflation in the Euro zone hit an all-time high of 3.2% in January, and far above the ECB's inflation target of 2 percent. Euro zone producer price inflation picked up to an annual 4.3% in December, led by higher food and energy costs. Trichet and his band of propaganda artists have given plenty of lip service to fighting inflation in recent months, but behind the veil of "Smoke and Mirrors", haven't lifted a finger to put empty words into action.
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Thursday, February 07, 2008
European Central Bank (ECB) Monetary Policy Interest Rate Decision Statement / Interest-Rates / ECB Interest Rates
By: ECB
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. Let me report on the outcome of our meeting, which was also attended by Commissioner Almunia.
On the basis of our regular economic and monetary analyses, we decided at today's meeting to leave the key ECB interest rates unchanged. This decision reflects our assessment that risks to price stability over the medium term are on the upside, in a context of very vigorous money and credit growth. The current short-term upward pressure on inflation must not spill over to the medium term. The firm anchoring of inflation expectations over the medium and long term is of the highest priority to the Governing Council, reflecting its mandate.
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Sunday, July 08, 2007
Interest Rate Rises - Bank of England Today, European Central Bank in September? / Interest-Rates / ECB Interest Rates
By: Paul_L_Kasriel
As widely expected, the Bank of England (BOE) raised its policy rate by 25 basis points to 5.75% this week. This represents a cumulative increase of 125 basis points in a year's time. Although the European Central Bank (ECB) held its policy rate steady at 4.00%, its president, Claude Trichet, hinted that there would be more rate increases in the not-too-distant future.Read full article... Read full article...
Wednesday, June 06, 2007
The ECB Takes Another Step Toward Reining In Global Liquidity / Interest-Rates / ECB Interest Rates
By: Paul_L_Kasriel
Today the European Central Bank (ECB) raised its policy interest rate 25 basis points to a level of 4.0%. Today's rate hike brings the cumulative increase to an even 200 basis points since the ECB started hiking its policy rate in December 2005. Comments by ECB President Trichet suggest that the ECB is not yet finished raising its policy interest rate.Read full article... Read full article...
Wednesday, June 06, 2007
ECB Raises European Interest Rates to 4% / Interest-Rates / ECB Interest Rates
By: Nadeem_Walayat
As widely expected the European Central Bank today raised its key benchmark rate by 0.25% to 4% on the back of a strengthening Euro zone economy. This marks the eighth rise since December 2005.Read full article... Read full article...