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European Central Bank

ECB policy calibrated to deal with pandemic resurgence, says Schnabel

No need for now to adjust policy stance.
Not worried about exchange rate developments.
Euro zone market fragmentation has declined.
May have to call off in-person meeting on Sept 10.

Published 31 Aug, 2020 06:27pm

Business & Finance

ECB can't fix causes of negative rates, Schnabel says

Like with other unconventional policy measures, side effects are likely to increase over time,
There is considerable uncertainty as to the precise level of the 'reversal rate' and current estimates suggest that the ECB has not reached the effective lower bound.

Published 26 Aug, 2020 06:31pm

Markets

Size of ECB bond buys depend on inflation outlook, Lane says

"The overall envelope of PEPP (Pandemic Emergency Purchase Programme) purchases is a core determinant of the ECB's overall monetary stance," Lane said in a blog post.

Published 04 Aug, 2020 03:22pm

Business & Finance

ECB extends dividend ban, capital relief for euro zone banks

The ECB said banks could withstand a second wave of infections, but it called on authorities to be ready to intervene and prevent a credit crunch, possibly including recapitalisations.

Published 28 Jul, 2020 04:52pm

Business & Finance

ECB tells Monte dei Paschi to boost capital for bad loan deal

The ECB, Monte dei Paschi and the Italian Treasury, which controls the bank.
Monte dei Paschi last month approved a plan to offload more than 8 billion euros in bad and unlikely-to-pay loans to state-owned bad loan manager AMCO, in a move.

Published 24 Jul, 2020 10:52pm

Business & Finance

ECB says it is considering publishing ‘compounded ESTR’ if Euribor disappears

The ECB has launched a public consultation on the specific characteristics of the compounded rates, starting on Friday and ending on Sept 11.

Published 24 Jul, 2020 06:09pm

Business & Finance

Lagarde says ECB expects more grants than loans in EU recovery fund

Leaders of the 27 EU states are due to meet on Friday to try to hammer out their differences over how the 750 billion euro recovery fund will operate.
"Our assumption... is that the recovery fund ... will come about and will be a strong mixture of grants on the one hand in larger proportion than loans on the other

Published 16 Jul, 2020 08:18pm

Business & Finance

ECB takes policy pause even as pandemic worries rise

ECB keeps policy on hold.
Pausing to assess depth of contraction, growth prospects.
EU still to deliver fiscal package to support recovery.
Economists say ECB will act again in time.

Published 16 Jul, 2020 05:02pm

Business & Finance

Balance of risk now more favourable for euro economy: ECB's Knot

"Recent data solidifies the confidence in our baseline scenario with a more favourable balance of risks."
Knot said confidence in this outlook had been bolstered by recent data, which had been better than expected.

Published 03 Jul, 2020 07:14pm

Business & Finance

German MPs adopt motion to shut down ECB bond-buying row

The Federal Constitutional Court (FCC) had in May threatened to block the Bundesbank, the central bank, from taking part in the stimulus plan unless the European Central Bank (ECB)

Published 02 Jul, 2020 11:22pm

Markets

ECB's German board member pushes back on court challenge

Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with 2 trillion euros worth of government bond buys over the past five years.
For the average saver, the additional losses arising from our new policy measures are very small," Schnabel said.

Published 27 Jun, 2020 08:25pm

Business & Finance

Hitting back at German court challenge, ECB defends bond buys

Germany's Constitutional Court ruled last month that the ECB overstepped its mandate with over 2 trillion euros ($2.24 trillion) of government bond purchases.
There was broad agreement among members that while different weights might be attached to th

Published 25 Jun, 2020 06:25pm

Business & Finance

ECB's Lagarde tells EU leaders their economy in ‘dramatic fall’

Lagarde addressed EU leaders meeting via video conference to wrangle over how to engineer a recovery from the crisis.

Published 19 Jun, 2020 04:02pm

Business & Finance

ECB's Enria urges banks to eat into capital and lend

"I hear sometimes that banks might not be willing to use the buffers because of concerns that the ECB would... ask for a fast replenishment of the buffers," Andrea Enria told a virtual meeting of bankers.

Published 12 Jun, 2020 04:27pm

Business & Finance

ECB's actions ‘proportionate’ to the risk it faces, Lagarde says

"Our crisis-related measures are temporary, targeted and proportionate...to the severe risks to our mandate that we are facing," Lagarde told members of the European parliament.

Published 08 Jun, 2020 07:59pm

Business & Finance

ECB's Holzmann says he suggested holding off on stimulus boost

"I agreed with the decision," Holzmann, the governor of the Austrian National Bank, told a news conference, adding that, given current uncertainties

Published 05 Jun, 2020 03:05pm

Business & Finance

ECB sends euro higher, stocks struggle with fatigue

This was beyond what most analysts had predicted and came on the heels of a huge domestic support package from Germany.
Wall Street opened down after figures showed exports had dropped by a record 20.5pc in April to a 10-year low.

Published 04 Jun, 2020 07:17pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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