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European Central Bank

ECB slows bond purchases further in August lull
Business & Finance

ECB slows bond purchases further in August lull

  • The ECB, which will update its policy stance on Thursday, bought 78.6 billion euros ($92.95 billion) worth of bonds last month across its different schemes, a 26% drop from July.
  • Schnabel said she saw no reason for the ECB to add to its stimulus measures at present.
Published 07 Sep, 2020 09:24pm
ECB can't fix causes of negative rates, Schnabel says
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
Lagarde says ECB expects more grants than loans in EU recovery fund
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
ECB's German board member pushes back on court challenge
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