ECB LEAVES KEY RATES UNCHANGED, BUT INCREASED THE PEPP BY €600 BILLION

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The envelope for the pandemic emergency purchase programme (PEPP) will be increased by €600 billion to a total of €1,350 billion. In response to the pandemic-related downward revision to inflation over the projection horizon, the PEPP expansion will furtherContinue reading “ECB LEAVES KEY RATES UNCHANGED, BUT INCREASED THE PEPP BY €600 BILLION”

ECB LEAVES KEY RATES UNCHANGED, PEPP SIZE STAYS AT €750 BILLION.

At today’s meeting the Governing Council of the ECB took the following monetary policy decisions: (1) The conditions on the targeted longer-term refinancing operations (TLTRO III) have been further eased. Specifically, the Governing Council decided to reduce the interest rate on TLTRO III operations during the period from June 2020 to June 2021 to 50Continue reading “ECB LEAVES KEY RATES UNCHANGED, PEPP SIZE STAYS AT €750 BILLION.”

Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?

The previous weeks were really something in the market, right. Coronavirus disrupt evertyhing and the market volatility went crazy. Intraday moves reached 800 or even a 1000 pips in one direction, mostly back as well in a same day. But, there is more to come for sure, so stay alert on all actions from theContinue reading “Central banks in coordinated actions VS Coronavirus. How the Wall Street and the FX market reacts so far!?”

ECB;  RATES STAYS UNCHANGED AT 0.00%, 0.25% AND -0.50%

At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively. The Governing Council expects the key ECB interest rates to remainContinue reading “ECB;  RATES STAYS UNCHANGED AT 0.00%, 0.25% AND -0.50%”

The ECB kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting

The ECB kept its deposit rate at a record-low minus 0.5%, and bond purchases at 20 billion euros ($22 billion) a month, sticking to a controversial package unveiled in September. At today’s meeting the Governing Council of the European Central Bank (ECB) decided that the interest rate on the main refinancing operations and the interestContinue reading “The ECB kept monetary stimulus unchanged at President Christine Lagarde’s first policy meeting”