ECB holds rates amid slowing growth outlook
ECB president Mario Draghi warns that risks surrounding eurozone growth have moved ‘to the downside’
Monetary Policy
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ECB ends QE despite weaker growth outlook for 2019
Timing of rate rises not discussed in Frankfurt meeting leading to speculation rises may be pushed beyond next year
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Multi-asset boutique increases European exposure
Boutique London-based asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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ECB readies for QE judgement call
A shift in Italian fiscal policy could have an impact on the European Central Bank’s plan to end its asset buying programme in September, say fund managers.
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Stark: ECB interference causes ‘unintended consequences’
The European central banks’ market interventions, such as their asset purchase programme, has created the “unintended consequence” of the institutions becoming a dominant decision maker in investments, and has led to risk not being priced properly, according to ex-ECB chief economist Jürgen Stark.
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Why the ECB will not hike rates until 2019
The European Central Bank (ECB) will begin unwinding its monetary stimulus programme this year but investors shouldn’t expect a rate hike until at least 2019, according to analysts at Lyxor Asset Management.
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ANALYSIS: ECB tapering is edging closer
Just a few months ago, market watchers were convinced the ECB would soon announce a start to reducing its asset purchases. But even though the European economy has since powered ahead, it now looks unlikely that a detailed tapering announcement is due.
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Investors not expecting a hawkish Draghi at ECB meeting
Industry experts are not expecting the European Central Bank to tighten monetary policy at its next rate meeting, despite Mario Draghi’s hawkish mood of late.
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Euro weakens slightly as ECB remains in easing mode
As expected, the European Central Bank (ECB) kept rates on hold on Thursday. Hawks’ hopes the ECB may hint on monetary policy tightening were disappointed. But there was a change of tone in ECB-president Mario Draghi’s words.
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Fiscal fears stoke bond bull capitulation calls
The death of the 30-year bond bull market that has formed the backdrop for most City careers has been predicted many times. It has yet to come to pass. But, if one were looking for signs that it is reaching an inflection point, the last seven days has proved a fertile hunting ground.
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ECB gives a silent warning to bond investors
The ECB Governing Council again left monetary policy unchanged when it met on Thursday. It looks like the ECB is buying time to communicate to markets that it’s going to wind down its bond buying programme, albeit in an orderly fashion.
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UK should turn on fiscal tap – RLAM’s Greetham
The UK government needs to step up fiscal spending, not only to help stabilise sterling but also help improve its debt profile, Trevor Greetham said on Wednesday.