TAG: Quantitative easing
Christine Lagarde makes a poor central banker, ECB staff say
FRANKFURT — On the global stage, European Central Bank President Christine Lagarde still exudes the...
8 months ago
ECB signals historic break from QE era with new operating framework
The European Central Bank outlined major changes to the way it works on Wednesday, aiming to scale down its presence in financial markets after 15 years of emergency measures.During the financial crisis, the ECB took up a far more active role in European...
6 months ago
ECB keeps rates unchanged but cuts inflation, growth forecasts
FRANKFURT — The European Central Bank inched toward a first interest rate cut around the middle of the year, leaving its official interest rates unchanged but cutting its headline forecasts for both growth and inflation.The ECB’s Governing Council left it...
6 months ago
End of an era as Swiss central banker Jordan steps down early
Thomas Jordan is to leave his post at the head of the Swiss National Bank after 12 years, ending an era in which Swiss monetary policy was the subject of something approaching awe around the globe. “Having met the various challenges of recent years, now...
6 months ago
Top ECB official: Don’t expect serious rate-cut debate before June
VIENNA – The European Central Bank is unlikely to discuss cutting interest rates seriously before June, Governing Council member Robert Holzmann said in an interview with POLITICO on Wednesday.And while the Austrian National Bank Governor expects a lively...
6 months ago
Bundesbank sees years of losses ahead, but thinks the worst is over
The Deutsche Bundesbank joined the European Central Bank in posting a big loss in 2023, the result of a rising interest bill on excess liquidity generated by years of money printing. As a result, Frankfurt will again not transfer any profit to the federal...
6 months ago
Once humiliated by inflation, the ECB is now saying it was right all along
It’s become a cliché to say the painful surge in inflation that started in 2021 was primarily caused by the European Central Bank’s sluggish response to rising prices. But inflation is now slowing decisively — and the guardians of the euro are seizing the...
6 months ago
Tory MPs urge Hunt: Break the Bank of England’s QT doom loop
LONDON — Conservative MPs are urging the British government to end a system which puts taxpayers on the hook for losses incurred by the Bank of England as it unwinds a decade of massive money-printing.In a report to be published Monday, the MPs will urge...
4 months ago
ECB to leave rates on hold in hope for quiet summer
The European Central Bank (ECB) is expected to keep interest rates on hold on Thursday, but an improving inflation outlook, both at home and abroad, means the door for further cuts later in the year remains wide open. Headline inflation eased to 2.5 perce...
2 months ago
BoE set for knife-edge decision on first rate cut
The Bank of England (BoE) is expected to cut its key interest rate for the first time since 2020 on Thursday, bringing long-awaited relief to businesses, homeowners and, not least, a newly elected government. However, the decision is on a knife-edge: Most...
2 months ago
What is the Jackson Hole Symposium and how to trade it?
Why do central bankers meet in Jackson Hole? The Jackson Hole Economic Symposium, known generally as just ‘Jackson Hole’, is an annual conference of global central bankers. It takes place in Jackson Hole, Wyoming, and is hosted by the Kansas City branc...
2 months ago
ECB cuts interest rates again as inflation cools
FRANKFURT – The European Central Bank cut its key deposit rate by 0.25 percentage point to 3.50 percent, responding to a drop in inflation and increasing signs of weakness in the eurozone economy over the summer. The central bank offered few clues as to h...
1 month ago
Portuguese bank chief: ECB may need to accelerate interest rate cuts
LISBON – The European Central Bank may have to up the pace of interest rate cuts as data published since last week’s cut suggest growth and inflation could fall short of the Bank’s new projections, said rate-setter Mário Centeno. “Given the position in wh...
3 weeks ago
ECB to cut rates again as economic outlook sours
The European Central Bank is set to cut interest rates on Thursday as souring economic prospects force it to abandon an approach that many of its top brass now see as too cautious.Financial markets have now almost fully priced in a quarter-point rate cut...
4 days ago