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Jun 01, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

ECB

Euro zone bond rally ends, hit by UK, US sell-off
Markets

Euro zone bond rally ends, hit by UK, US sell-off

  • Euro area yields had risen sharply earlier in the month, with Germany's 10-year yield nearing positive territory last week, driven by speculation that a stronger economic outlook driven by speedier vaccinations in the bloc could prompt the ECB to slow the PEPP purchases at its June 10 meeting.
  • The extent to which Weidmann would deviate from recent dovish signals by ECB policymakers was being watched particularly closely as he is among the most hawkish at the bank.
Published 27 May, 2021 07:09pm
Euro zone business growth hits three-year high but ECB cautious
World

Euro zone business growth hits three-year high but ECB cautious

  • As the economy rebounds and confidence improves, some policymakers are making the case for the ECB to start giving up its emergency measures and revert to more traditional forms of stimulus.
  • "We are committed to preserving favourable financing conditions. It's far too early and it's actually unnecessary to debate longer-term issues," Lagarde said on Friday.
Published 21 May, 2021 08:31pm
A third of euro zone corporate loans exposed to climate hazards: ECB
Business & Finance

A third of euro zone corporate loans exposed to climate hazards: ECB

  • The ECB study is part of a broader analysis of the risks that climate change poses to the financial sector, ranging from physical damage to changes in regulation or in consumer preferences.
  • "This may become increasingly relevant if emissions are not effectively reduced in the long run and if firms and economies fail to adapt to climate change," the ECB said.
Published 17 May, 2021 08:44pm
German bond yields edge lower, selling pressure on Italy
Markets

German bond yields edge lower, selling pressure on Italy

  • The Bank of England said on Thursday it would slow the pace of its bond-buying as it sharply increased its forecast for Britain's economic growth, without triggering much price action on the bloc's borrowing costs.
  • Strong domestic demand for consumer goods propelled a bigger than expected jump in German industrial orders in March , while eurozone retail sales rose by more than expected in March.
Published 06 May, 2021 06:28pm
ECB's Centeno sees ‘very accommodative’ monetary policy continuing
Business & Finance

ECB's Centeno sees ‘very accommodative’ monetary policy continuing

  • "Monetary policy is expected to remain very accommodative amid persistent low inflation environment," Centeno told an economic conference. "Forward guidance points to interest rates remaining at low levels and maintenance of the purchasing program in the foreseeable future."
  • Centeno, who is also governor of the Bank of Portugal, said the main objective of the European system of central banks is to maintain price stability but "it should also support the general economies of the Union".
Published 28 Apr, 2021 08:51pm
ECB's Panetta wants stimulus until inflation hits 2pc
World

ECB's Panetta wants stimulus until inflation hits 2pc

  • "This evidence suggests that we should avoid withdrawing policy support - either deliberately or by tolerating adverse spillovers - until the output gap is closed and we see inflation sustainably back at 2%," Panetta said in a speech.
Published 26 Apr, 2021 05:56pm
Euro zone bond yields edge lower after ECB meeting
Markets

Euro zone bond yields edge lower after ECB meeting

  • IHS Markit's flash Composite PMI Index, seen as a good guide to economic health, rose to 53.7 from March's 53.2, confounding expectations in a Reuters poll for a dip to 52.8.
  • Germany's 10-year government bond yield, the benchmark of the euro area, fell 1 basis point at -0.27%.
Published 23 Apr, 2021 05:13pm
ECB keeps cheap money tap open
World

ECB keeps cheap money tap open

FRANKFURT: Christine Lagarde on Thursday underlined the European Central Bank’s commitment to cheap money as the...
Updated 23 Apr, 2021 10:04am
ECB hawks lay off taper talk at short, calm meeting
Business & Finance

ECB hawks lay off taper talk at short, calm meeting

  • The ECB decided to continue running its Pandemic Emergency Purchase Programme (PEPP) at its current clip this quarter to keep borrowing costs stable for governments, companies and households.
  • While that decision was expected, analysts were awaiting hints about the pace of PEPP after June, after governors including the Netherlands' Klaas Knot raised the prospect of dialling it down.
Updated 22 Apr, 2021 07:57pm