PA ANALYSIS: Is the ECB scared to turn off the QE tap?
European Central Bank president Mario Draghi delivered a relatively short address on Thursday which was light on substance, but there was something in his remarks that may worry investors.
ECB
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PA ANALYSIS: Should you buy sterling credit as an ECB hedge?
ECB intervention has pushed European corporate bond yields down to unrealistic levels. It may therefore be a good idea to buy some sterling credit, regardless of how the Brexit saga will play out.
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ECB goes into holding pattern
The European Central Bank decided to stick rather than twist today as it announced the deposit rate has been held at -0.4%, the refinancing rate held at zero, and the details of its €80bn per month quantitative easing programme are unchanged.
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PA ANALYSIS: Should the ECB admit defeat on QE now?
As France and other parts of the eurozone return to work after an August on the beach or in the countryside, the focus of investors turns once again to Mario Draghi and the European Central Bank.
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Eurozone risk premium staying higher than US despite QE – NN IP
Prolonged political uncertainty and flaws in the institutional framework have kept eurozone equity premium risk at its highest level since the ‘09 global financial and ‘11 eurozone crises, according to new data by NN Investment Partners.
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ECB rates unchanged but eligibility issues remain
No changes to the European Central Bank’s monetary policy stance was announced at its meeting on Thursday; as it chose to maintain the deposit rate at -0.4%.
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High yield gets a boost from the ECB
Faced with stubbornly low inflation the European Central Bank has taken a leaf out of the Bank of Japan’s playbook.
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Draghi’s corporate bond move tempting fund managers, says Chelsea’s McDermott
Mario Draghi’s decision to extend the European bond buying programme has inspired several fund managers to dip their toes in the corporate bond pool, but no one knows how it will pan out, according to Chelsea Financial Services managing director, Darius McDermott.
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IMF, ECB defend negative rates
Banks do derive benefits from negative interest rates, which are a net positive for the economy, said José Viñals director of monetary and capital markets at the IMF.
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Unconventional monetary policy: Catch-22
Quantitative easing is far from finished as central banks realise procrastination will not halt deflationary forces.
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Draghi makes use of his corporate credit card
Last Thursday was a big day for Draghi. After disappointing in December, he couldn’t afford to underwhelm markets again. And to be fair, he didn’t.
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Europe must turn to fiscal policy now – Fidelity
The greatest impact on real economic activity throughout Europe will come from fiscal measures rather than any more monetary stimulus, according to head of European equities at Fidelity International Paras Anand.