Tag Archives: ECB

ECB poised to shore up eurozone economy

(click here if video is not observable)

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Should the ECB launch QE? – FT

Some hope the European Central Bank will use quantitative easing to help the fragile region, but as Albert Gallo, head of macro credit research at RBS, points out, with sovereign bonds already at multiyear lows QE will not help where … Continue reading

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Low ECB Rates For An “Extended Period”

Here’s why they hammered the Euro today: The risks surrounding the economic outlook for the Euro area continue to be on the downside…the key ECB interest rates to remain at present or lower levels for an extended period of time.   … Continue reading

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Weekly Eurozone Watch – ECB Cuts

Key Data Points German 10-year Bund 3 bps higher; France 5 bps wider to the Bund; Belgium 7 bps tighter; Ireland 25 bps tighter; Italy 27 bps tighter; Spain 27 bps tighter; Portugal 40 bps tighter; Greece 165 bps tighter; … Continue reading

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IMF still keen on eurozone rate cut in face of weak growth

(click here if video is not observable)

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Eurozone inflation falls for third straight month

Will this give Super Mario enough to cut rates?   The consensus is no.    Remember, ECB does not have the same full employment mandate as the Fed. (click here if video is not observable)

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Weekly Eurozone Watch – Markets “Revert Back”

Key Data Points German 10-year Bund 12 bps higher; France 10 bps tighter to the Bund; Belgium 11 bps tighter; Ireland 19 bps tighter; Italy 31 bps tighter; Spain 46 bps tighter; Portugal 56 bps tighter; Greece 61 bps tighter; … Continue reading

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Euro slumps on ECB Draghi’s comments

“Exchange rate is not a policy target, but it is important for growth…”   – Mario Draghi (click here if video is not observable)

Posted in Euro, Monetary Policy | Tagged , , , | 5 Comments

Weekly Eurozone Watch

Key Data Points German 10-year Bund 9 bps lower; Ireland 18 bps wider; Italy 12 bps wider; Spain 23 bps tighter; Portugal 1 bp tighter; Greece 158 bps tighter; Large Eurozone banks up  -1.0 to 5 percent higher; Euro$ down … Continue reading

Posted in Weekly Eurozone Watch | Tagged , , , , , , | 2 Comments

Ballooning of Central Bank Balance Sheets

Interesting data and charts from the IMF on the ballooning of central bank balance sheets. Since August 2007, the Fed’s balance sheet has increased by 221 percent, mainly through the purchase of government bonds and mortgage backed securities, with the … Continue reading

Posted in Monetary Policy | Tagged , , , | 2 Comments