European Central Bank President Mario Draghi and his key allies on the ECB Executive Board have spent almost a year clearing the path for a politically controversial sovereign bond purchase

Currencies, bonds, and equity markets are reacting sharply to today’s ECB meeting and subsequent press conference by President Mario Draghi, reflecting a much deeper disappointment on unmet expectations than surveys

European Central Bank officials have made it abundantly clear they are ready to undertake additional easing measures on top of the unconventional measures already taken this year, within the central

Despite continued signs of weakness in the Eurozone economic data, there was little to no expectation for any further action from the European Central Bank Governing Council at today’s monthly

In exactly one week, on Tuesday, October 14, the Court of Justice of the European Union will commence its long-awaited hearing of the legal challenge to the European Central Bank’s

The Euro, already under pressure going into today’s monthly European Central Bank Governing Council meeting, plunged to new lows, and Euribors have rallied sharply, on the back of the decision

There has been little in the way of public commentary on monetary policy from European Central Bank officials since President Mario Draghi spoke on August 22 at Jackson Hole. That

In the past ten weeks or so since the European Central Bank cut interest rates into negative territory and announced a new “TLTRO” liquidity program for banks, the economic data

Germany’s Finance Minister Wolfgang Schaeuble is reported to have stated today that Germany would not demand a permanent vote on the European Central Bank’s Governing Council. His comments received scant

We find it difficult to recall a time where there was a more universal consensus among traders and analysts that a central bank’s upcoming actions were fully priced in than

European Central Bank officials have done little, if anything, since last month’s policy setting meeting to push back on market expectations that they are highly likely to ease monetary policy

While expectations for any easing by the European Central Bank have centered around the June meeting, at which the staff will revise its quarterly forecast, and not at today’s meeting,

The European Central Bank Governing Council took a major step at its monthly April 3 meeting in announcing a unanimous commitment to embarking on new and unconventional policy measures if

The most important step the European Central Bank Governing Council took today by far, arguably much more important than a limited refi cut or other such measure would have been,

The Euro has rallied in a fierce short squeeze this morning to 2014 highs against the dollar on the back of the stronger than expected preliminary February Eurozone HICP inflation

Even before the European Central Bank’s last meeting and the most recent data, we had for all practical purposes ruled out both a cut in February and an ease in

Reminders by senior European Central Bank officials that before resorting to any unconventional policy measures they do still have the option of a conventional mini-refi rate cut should they find

The European Central Bank’s decision on November 7 to cut its refi lending rate to 25 basis points was taken with full expectations the quarterly inflation forecasts at this Thursday’s

The markets and vast majority of analysts did not expect a rate cut from the European Central Bank today. But despite the fact that the latest round of Eurozone inflation

The latest release of Eurozone inflation readings on October 31, showing a collapse in the headline rate from 1.1% to 0.7% and in core inflation from 1.0% to 0.8%, has