The Vice-President of the European Central Bank (ECB), Luis de Guindos, said Wednesday that the central bank’s recommendation on the banks’ dividend cap could be raised sooner or later along with the economic recovery. “If the pace of activity that we are forecasting continues, it is clear that this recommendation will disappear sooner or later, […]
Tag: ECB
ECB policy makers disagree with inflation strategy, hope for September agreement
Policy makers at the European Central Bank (ECB) remain divided over their new inflation strategy, but hope to reach an agreement before discussing the future of their pandemic program in SeptemberReuters reports, citing three sources close to the matter. Featured Comments “There was general consensus at the June 18-20 meeting that the ECB could tolerate […]
Loose monetary policy is working, helping the recovery – Peter Kazimir
Peter Kazimir, member of the Governing Council of the European Central Bank (ECB) said on Tuesday that loose monetary policy is working and helping the recovery. The The ECB sees no reason to change the loose monetary policy setting at this timeadded. Market reaction The EUR / USD has not reacted to the previous comments, […]
Forex Today – Asian session: The dollar corrects lower but remains the strongest
What you need to know on Tuesday, June 22: The dollar corrected the extreme overbought conditions, but it is still the strongest currency in the foreign exchange market. It lost most of the ground during US business hours amid strong Wall Street gains. The EUR / USD pair corrected to 1.1920, staying close to the […]
Lagarde says tightening monetary policy would be premature and pose a risk to the recovery
The outlook for the euro zone economy is shining as the pandemic improvesChristine Lagarde, president of the European Central Bank (ECB), said on Monday, Reuters reports. Additional comments “We hope that the economic activity accelerates from this quarter“. “The spread of virus mutations remain a source of risk.” “As the recovery picks up pace, we […]
See exuberance in asset valuations in certain segments of the equity markets
“Low interest rates are forcing a search for yield, so easier access to credit is available that of course, is good unless it becomes excessive and contributes to an unsustainable credit risk environment“The European Central Bank supervisor said on Monday, Elizabeth McCaul. “We also see exuberance in asset valuations in certain segments of the equity […]
All the analyzes indicate that the increase in inflation is temporary – Mario Centeno
The Policy Officer of the European Central Bank (ECB), Mario CentenoHe noted on Monday that all analyzes indicate that the rise in inflation in the euro zone is temporary, Reuters reported. “There is no evidence that the Pandemic Emergency Asset Purchase Program (PEPP) ends before March 2022“Centeno added. Later in the session, ECB President Christine […]
European Central Bank to use digital euro to combat “threats” such as Bitcoin and stablecoins
The European Central Bank has continued to develop its digital currency, the digital euro, with a focus on privacy as a significant aspect. Executive board member Fabio Panetta stated that the central bank has no commercial interest in storing or monetizing user data. The launch of the digital euro aims to protect users against private […]
The ECB expects to end the PEPP next March as scheduled
In its Survey of Monetary Analysts released on Friday, the European Central Bank (ECB) noted that it expects to end the Pandemic Emergency Purchase Program (PEPP) in March 2022 as originally planned. Furthermore, the survey showed that the ECB does not currently see the need to increase purchases under a more standard Asset Purchase Program […]
Draghi says the case for monetary and fiscal expansion remains compelling
“Prolonged economic uncertainty means that the case for monetary and fiscal expansion remains compelling“Italian Prime Minister Mario Draghi said on Friday, according to Reuters. Additional comments “Extra effort is required to overcome the impact of the health crisis on society and employment “. “With higher levels of economic activity than before the pandemic, the increase […]