European Central Bank vows a ‘persistently accommodative’ stance in new guidance

The ECB has committed to purchasing 1.85 trillion euros ($2.2 trillion) of bonds until March 2022 as part of its Pandemic Emergency Purchase Program (PEPP), and policymakers voted to keep this stimulus on the table for the time being. Interest rates were also left unchanged, with the rate on the main deposit facility remaining at… Continue reading European Central Bank vows a ‘persistently accommodative’ stance in new guidance

ECB set to tweak guidance to reflect its new 2% inflation target

The European Central Bank’s new inflation target and its possible effects on monetary policy will be the key topic of this week’s meeting in Frankfurt. Hopes are high that the euro zone’s central bank will come up with a dovish surprise as President Christine Lagarde keeps stressing the need for a forceful policy response to… Continue reading ECB set to tweak guidance to reflect its new 2% inflation target

Goldman Sachs makes two big predictions about Europe’s economic recovery

LONDON — Experts at Goldman Sachs have laid down their predictions for an expected recovery in the euro zone region, highlighting when they believe the European Central Bank will lift its unprecedented stimulus measures and also suggesting that austerity measures may no longer be relied upon. Investors in Europe are fixated on what the European… Continue reading Goldman Sachs makes two big predictions about Europe’s economic recovery

These 8 global stocks will benefit from rising inflation: Bank of America

Rising inflation is pushing up costs for companies, but it’s not all bad news — Bank of America has named eight stocks that it thinks will actually benefit from rising price pressures. In a June 11 note, the investment bank said that in addition to a strong economic recovery, rising commodity prices and supply bottlenecks… Continue reading These 8 global stocks will benefit from rising inflation: Bank of America

ECB leaves rates and bond buying unchanged despite inflation uptick

The European Central Bank decided Thursday to keep interest rates unchanged as market players look for clues on whether the central bank will soon lift its massive pandemic-era stimulus. “The Governing Council expects the key ECB interest rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge… Continue reading ECB leaves rates and bond buying unchanged despite inflation uptick

European Central Bank expected to keep stimulus flowing despite inflation concerns

Despite the whole world preparing for a return of inflation, market participants in Europe are actually expecting the European Central Bank to keep its foot on the stimulus pedal this week. Talk of a “taper” of pandemic-era bond purchases has reached a crescendo in many corners of the globe, but many believe the ECB will… Continue reading European Central Bank expected to keep stimulus flowing despite inflation concerns

European Central Bank warns of insolvencies when pandemic stimulus measures are lifted

The 19 nations that share the euro are facing financial risks that are elevated and uneven, the European Central Bank warned Wednesday, and more targeted stimulus could be required as the region recovers from the coronavirus crisis. The pandemic has hit different economic sectors with varying degrees of severity and speed, with tourism and hospitability… Continue reading European Central Bank warns of insolvencies when pandemic stimulus measures are lifted

European Central Bank warns of insolvencies when pandemic stimulus measures are lifted

The 19 nations that share the euro are facing financial risks that are elevated and uneven, the European Central Bank warned Wednesday, and more targeted stimulus could be required as the region recovers from the coronavirus crisis. The pandemic has hit different economic sectors with varying degrees of severity and speed, with tourism and hospitability… Continue reading European Central Bank warns of insolvencies when pandemic stimulus measures are lifted

European Central Bank holds fire ahead of crunch June meeting

or clues on when its massive monetary stimulus might start to be wound down. “Preserving favorable financing conditions over the pandemic period remains essential to reduce uncertainty and bolster confidence, thereby underpinning economic activity and safeguarding medium-term price stability,” ECB President Lagarde said at a press conference on Thursday. The central bank said last month… Continue reading European Central Bank holds fire ahead of crunch June meeting

European Central Bank meets as new coronavirus lockdowns complicate the region’s recovery

With a policy change pretty much off the table this week, European Central Bank watchers will have to closely monitor finer details about its pandemic stimulus program as policymakers wait for more data before taking decisive action. Recent economic figures do point to a stronger-than-expected economic recovery, and further coronavirus lockdowns across the euro zone… Continue reading European Central Bank meets as new coronavirus lockdowns complicate the region’s recovery