Forex News 24
  • RSS

news

ECB Leaves QE, Forward Guidance Unchanged

ECB Leaves QE, Forward Guidance Unchanged
админ
26/04/2018

31eaba6e93813e8dc7319376bca56ada - ECB Leaves QE, Forward Guidance Unchanged

The European Central Bank left its key interest rates, asset purchases and forward guidance unchanged on Thursday, amid softening growth momentum in the euro area.

The Governing Council, led by ECB President Mario Draghi, left the key interest rates unchanged after the policy session in Frankfurt, in line with economists’ expectations.

The main refi rate is currently at a record low zero percent and the deposit rate at -0.40 percent. The marginal lending facility rate is 0.25 percent.

“The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases,” the ECB reiterated.

The bank also confirmed that the net asset purchases, at the current monthly pace of EUR 30 billion, will run until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.

In the March meeting, the ECB tweaked the forward guidance by dropping the easing bias on asset purchases, after a clear divide in the Governing Council surfaced over the past few policy sessions.

Draghi is set to hold his press conference at 8.30 am ET in Frankfurt, when reporters are expected to quiz him regarding the trade war concerns and softening growth in the region.

“Given the apparent softening of economic growth since the ECB’s last meeting, it is no surprise that the Bank has chosen to keep its policy and forward guidance unchanged,” Capital Economics economist Jennifer McKeown said.

“But we expect President Draghi to hint at the press conference that a gradual normalization is still to come.”

Interest rates will be on hold until well past the horizon of net asset purchases, which likely implies a hike in September 2019 at the earliest, the economist added.

by

Source

Related ItemseconomicEUReuroeuro areaEuropean Central Bankinflationinterest ratesMario Draghirateratesregiontradetrade war

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
26/04/2018
админ
Related ItemseconomicEUReuroeuro areaEuropean Central Bankinflationinterest ratesMario Draghirateratesregiontradetrade war

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

U.S. Weekly Jobless Claims Drop To Lowest Level Since 1969
Forex today: the weakening dollar changed markets’ movement