Despite a high profile resistance campaign led at the last-minute by some of the European Central Bank’s hawks against a new ECB Asset Purchase Program, outgoing ECB President Mario Draghi
Since Bank of Finland Governor Olli Rehn delighted markets in mid-August in calling for the European Central Bank to overdeliver on expectations with an “impactful and significant” stimulus package at
European Central Bank President Mario Draghi and team delivered as expected at today’s Governing Council meeting, down to communication details and to flagging a rate cut in September. Yet the
With Federal Reserve Chair Jay Powell in effect all but guaranteeing an interest rate cut at the Federal Open Market Committee’s upcoming meeting on July 30-31, markets have in parallel brought forward
In his final keynote speech at the Sintra, Italy, conference on June 18, European Central Bank President Mario Draghi delighted investors in setting a low bar to further stimulus by indicating a willingness to ease if the upcoming
With concerns rising over the potentially increasing downside risks from China, Brexit, and global trade, markets are sniffing for signs of additional accommodative support from the European Central Bank when the Governing
We wish first to congratulate Executive Board Member Peter Praet at this, his last Governing Council meeting, for his remarkable tenure as the Chief Economist of the European Central Bank.
European bank shares popped in the wake of comments from European Central Bank President Mario Draghi and Chief Economist Peter Praet at a conference in Frankfurt last week indicating a
At the European Central Bank’s last Governing Council meeting on January 24, ECB officials, alarmed over a faster and much deeper slowdown than they had been expecting, unanimously agreed to
At the last meeting of the European Central Bank Governing Council on January 24, President Mario Draghi emphasized in no uncertain terms that the Council had deliberated at length, and
The year’s first Monetary Policy Meeting of the European Central Bank next Thursday will be conducted under the cloud of a sharper than expected deceleration in Eurozone growth over the
Investors have been paying close attention to speeches by European Central Bank officials in the run-up to the December 13 Governing Council Meeting, scouring for signs of how they may adapt
European Central Bank Executive Board Member Peter Praet caught the market’s attention yesterday when he suggested the Governing Council might choose its upcoming meeting on June 12 to discuss whether
The overarching objective of the European Central Bank over the next eighteen months will be to manage its policy normalization process in a manner that does not jeopardize the Eurozone
All eyes were on President Mario Draghi at today’s European Central Bank Governing Council meeting, looking for a response to repeated recent remarks made by US Treasury Secretary Steve Mnuchin praising the benefits
There will be little of note on the policy agenda when the European Central Bank Governing Council meets in two weeks, on January 25, apart from an opportunity to take
President Mario Draghi and his colleagues in the Governing Council of the European Central Bank appear ready to adjust the contours of their Asset Purchase Program at the upcoming monetary policy meeting on
*** The Euro at 1.2000 is no surprise to ECB officials – but if it keeps rising and accelerating the currency will clearly adversely affect inflation forecasts. A good deal
With a Eurozone economy that is practically firing on all cylinders, but with inflation still lagging behind, European Central Bank President Mario Draghi has the luxury of time, and will
With growth, and a bit of inflation, finally taking hold across the Eurozone, the leadership of the European Central Bank has started the process of steering market expectations towards an