The European Central Bank (ECB) said in a statement on Monday that a sustained increase in oil prices will reduce the potential production of the euro zone by less than 1% in four yearsas reported by Reuters. The reduction in the production of the block will be a small blow that could be further reduced […]
Tag: ECB
ECB: 50 basis point hike in September, followed by a pause – JP Morgan
JP Morgan analysts state in their latest note to clients that the European Central Bank (ECB) is likely to carry out another 50 basis point rate hike before pausing. Featured Comments “We have no doubt that the ECB, at its next meeting on September 8, will revise its inflation forecasts considerably higher, while it is […]
ECB: The depreciation of the euro has been one of the factors of high inflation – Luis de Guindos
“The depreciation of the euro has been one of the factors of high inflation“, said the vice-president of the European Central Bank (ECB), Luis de Guindosduring an interview with local outlet Postimees late on Thursday. Featured Comments At the ECB we do not have the exchange rate as our objective. But it is a very […]
EUR/GBP remains negative near 0.8500 after Eurozone and UK PMIs
EUR/GBP is seeing some selling on Friday and has now erased the previous day’s gains after the ECB. The risk of a sovereign debt crisis and fears of a recession put pressure on the common currency. Expectations for a BoE rate hike of 50 basis points in August benefit the British pound and add to […]
The ECB survey to SPF shows an increase in inflation expectations in the short and long term
In its quarterly survey of pension professionals (SPF), the European Central Bank (ECB) forecasts an increase in short- and long-term inflation expectations in the euro zone. Main conclusions Inflation is forecast for 2022 of 7.3%compared to 6.0% three months ago, and for 2023 of 3.6%compared to 2.4%. 2024 inflation forecast at 2.1%compared to 1.9% three […]
Forex Today – Asian Session: Europe in the Eye of the Hurricane
What to watch for on Friday, July 22: On Thursday, the market’s attention turned to the EU, amid a series of events that took place in the Union. The most relevant was the monetary policy decision of the European Central Bank. The ECB raised rates by 50 basis points, the first hike in more than […]
ECB: TPI purchases will focus on public sector securities
The European Central Bank (ECB) has recently published additional details about its new anti-fragmentation tool titled “Transmission Protection Instrument (TPI)”. Featured Statements “TPI purchases would focus on public sector securities.” “Purchases under the TPI would be carried out in such a way as not to cause a persistent impact on the Eurosystem’s balance sheet and […]
EUR/JPY suffers a great volatility of 150 pips after the ECB
EUR/JPY trades wildly as Lagarde fails to impress. The ECB raises interest rates by 50 basis points and announces a new anti-fragmentation tool. The Bank of Japan maintains its ultra-loose monetary policy stance. The EUR/JPY looks to stabilize around 141.00 after strong volatility of 150 pips in the last hour, thanks to ECB policy announcements. […]
EUR/USD erases all gains during Lagarde conference
EUR/USD drops more than a hundred pips from the peak. The dollar is gaining momentum, but still without a clear direction. Treasury bond yields fall sharply. The EUR/USD reversed direction after reaching 1.0278, the highest in two weeks, and fell back as much as 125 pips. The pair hit 1.0151, the new low, and then […]
Lagarde speech: Prospects cloudy for second half of 2022 and beyond
Christine Lagarde, President of the European Central Bank (ECB), delivers his speech on the outlook for monetary policy and answers questions following the bank’s decision to raise official interest rates by 50 basis points. Featured Statements “The outlook is cloudy for the second half of 2022 and beyond.” “Economic activity is slowing down.” “War is […]