Today, finally, the time has come – probably the most important decision a central bank has made so far this year. The reason for this is that expectations of the ECB are quite far apart. Will Draghi present his successor Lagarde with a fait accompli? In the run-up there are many warnings against a further expansion of the ultralax monetary policy (Dutch parliament). And perhaps the expectations and hopes of the markets are simply too high, because the resistance is great, especially from the representative of the Nordic countries in the ECB. Tonight the next rally of hope in the trade war, because Trump postpones the increase of tariffs (from 10% to 15%) from October 1st to October 15th (because of the 70th anniversary of the foundation of the People’s Republic of China).
The ECB interest rate decision has just been announced. The bank deposit rate drops from -0.40% to -0.50%. The ECB key rate (refinancing rate) remains unchanged at 0.00%. The marginal lending facility also remains unchanged […]
Yesterday Draghi tried a big bluff for the last time in his tenure: allegedly endless QE until inflation reaches just below 2%. But at the same time the ECB can continue with its QE for […]
Consumer prices for the Eurozone for the month of September have just been published in their final version. They rise by 0.8% year on year. The pre-announcement, which normally provides correct data, brought an increase […]