However much they may fall in 2024, pricing in money markets highlights the view that the decade of near-zero interest rates that prevailed after the Great Depression is unlikely to return. financial crisisas long as inflationary pressures and public spending remain high. That risks further pain for many public and private borrowers who clung to […]
Tag: European Central Bank
ECB plan to avoid “empty shells” after Brexit enters a new phase
He European Central Bank plans to deepen its scrutiny of whether the euro zone banking centers created in response to the Brexit They rely too much on London for services such as mergers and acquisitions and the issuance of shares and bonds. Before Brexit, global banks had used London as their base in the European […]
Oil rise does not change the opinion of the European Central Bank on inflation
The president of the Bank of France, François Villeroy de Galhau, member of the Governing Council of the European Central Bank (ECB), declared on Saturday that the rise in oil prices Petroleum and fuels does not alter the ECB’s objective of returning inflation to 2% by 2025. “Gasoline consumption at the pump represents approximately 5% […]
European Central Bank will continue to raise its rates
He European Central Bank (ECB) will continue with interest rate hikes in July, reported Christine Lagarde, president of the central bank of the European Union countries. “Our work is not done. Unless there are major changes to our outlook, we will continue raising rates in July,” he said during an ECB forum in Sintra, Portugal. […]
European Central Bank raises its interest rates by 0.25% for the eighth consecutive month
The European Central Bank (ECB) again raised the interest rates officials this Thursday in 0.25 points percentage. This is his eighth consecutive hike since he began to tighten monetary policy to deal with inflation. Thus, the Governing Council of the monetary authority has carried out the 4% main rate (the highest level since July 2008, […]
ECB raises interest rate to 4% and sees another hike likely in July
The European Central Bank (ECB) decided this Thursday to raise its interest rates by a quarter of a point, to 4%, the highest rate since 2008, because it anticipates that inflation “remains too high for too long” and advances a ” probable” additional hike for July. The Governing Council of the ECB has raised the […]
ECB: Brexit weighs on UK trade and labor market
He European Central Bank (ECB) considers that “Brexit has been a drag on UK trade and has contributed to a drop in job supply. In an article in their economic bulletin, published this Friday, economists from the ECB Katrin Forster-van Aerssen and Tajda Spital analyze recent developments in the UK’s trade and labor market almost […]
ECB: Banking crisis should not mean cutting interest rates
The president of the European Central Bank (ECB)Christine Lagarde, argued on Sunday that the recent banking crisis should not imply a reduction in interest rates by her institution. “We don’t have to cut (rates). We’ll see. Because we really have to gauge what will come out of these recent financial events.”Lagarde said in an interview […]
$54 billion bailout for Credit Suisse gives limited respite to global banks
Credit Suisse It tried to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from the Swiss central bank, though the move offered only limited respite to global bank stocks. The Swiss bank is the first major world bank to be thrown an emergency lifeline since the 2008 […]
The supply of government bonds will reach a maximum after quantitative reduction
The supply of euro area government bonds will reach a record high when the European Central Bank (ECB) reduce its debt portfolio, a reduction that will be 15,000 million euros per month on average as of March, by ceasing to reinvest maturing bonds. The ECB will announce details of the quantitative reduction of the debt […]