ECB (European Central Bank)

What’s on the sovereign investor’s mind?, Covid-19 and the ‘safe asset trap’, and more

What’s on the sovereign investor’s mind?, Covid-19 and the ‘safe asset trap’, and more

THE WEEKEND REVIEW

Latest opinion and analysis from OMFIF around the world

3-7 August 2020, Vol.11 Ed.30

Most-Read Commentary

What’s on the sovereign investor’s mind? The global economy is enduring a particularly forceful downturn while governments borrow extravagantly to step into the gap, as central banks wade into markets to buy a wide range of assets. Against this backdrop, OMFIF last week hosted two virtual...

https://www.allaboutshipping.co.uk/2020/08/08/whats-on-the-sovereign-investors-mind-covid-19-and-the-safe-asset-trap-and-more/

‘Only one justification’ for fresh ECB QE, Libra: Practicalities, technology, and the future of payments

‘Only one justification’ for fresh ECB QE, Libra: Practicalities, technology, and the future of payments

Wednesday 30 October 2019  –  Vol.10 Ed.44.2

Commentary: Only one justification for fresh ECB QE

By Valentin Lazea in Bucharest

In November the European Central Bank will restart its quantitative easing programme. It has made several arguments to justify this decision: some transparent (feeble economic growth) and some veiled (over-indebtedness of some states, firms and households, and a need to...

http://www.allaboutshipping.co.uk/2019/10/30/only-one-justification-for-fresh-ecb-qe-libra-practicalities-technology-and-the-future-of-payments/

Christine Lagarde’s communications challenge, In conversation with Libra’s co-creator, and more

Christine Lagarde

Christine Lagarde’s communications challenge, In conversation with Libra’s co-creator, and more

THE WEEKEND REVIEW –21-25 October 2019, Vol.10 Ed.43

Most-Read Commentary

Lagarde’s communications challenge:Christine Lagarde is under pressure to revamp the ECB’s communications policies after she takes over from Mario Draghi, writes David Marsh. This will be partly a reaction to unrest over communication of the bank’s 12 September monetary easing measures, opposed by some members of...

http://www.allaboutshipping.co.uk/2019/10/26/christine-lagardes-communications-challenge-in-conversation-with-libras-co-creator-and-more/

Draghi helps Lagarde gain her footing, Fed Talk podcast

Christine Lagarde

Draghi helps Lagarde gain her footing, Fed Talk podcast

Wednesday 2 October 2019  – Vol.10 Ed.40.2 
Commentary: Draghi helps Lagarde gain her footing

By Mark Sobel in Washington

Mario Draghi, the departing European Central Bank president, has done his successor Christine Lagarde a good turn. His contested September easing measures give Lagarde time to forge her own path through a strategic review of monetary policy, without the need for immediate action. Lagarde knows Europe and...

http://www.allaboutshipping.co.uk/2019/10/02/draghi-helps-lagarde-gain-her-footing-fed-talk-podcast/

UK judgment ‘victory for rule of law’, Lagarde’s challenges over ECB revolt, and the RBI’s waning independence

UK PM Boris Johnson

UK judgment ‘victory for rule of law’, Lagarde’s challenges over ECB revolt, and the RBI’s waning independence

THE WEEKEND REVIEW

Latest opinion and analysis from OMFIF around the world

23-27 September 2019, Vol.10 Ed.39

Most-Read Commentary
UK judgment ‘victory for rule of law’:The UK supreme court ruling that the government’s decision to suspend parliament was unlawful is a decisive moment not just for Britain’s political parties and the process of leaving the EU. The stunning...

http://www.allaboutshipping.co.uk/2019/09/28/uk-judgment-victory-for-rule-of-law-lagardes-challenges-over-ecb-revolt-and-the-rbis-waning-independence/

Daily Overview of Global Markets & the SEE Region (Monday, 15 July, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, 15 July, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Notwithstanding Fed Chair Jerome Powell’s unambiguously dovish tone at his semi-annual testimony mid-last week, US Treasury yields continued to rise in early trade today, amid reduced expectations for an aggressive 50bps rate cut at the 30-31 July FOMC meeting following the firmer-than-expected US June core inflation report late last week. Along these lines,...

http://www.allaboutshipping.co.uk/2019/07/15/daily-overview-of-global-markets-the-see-region-monday-15-july-2019/

Daily Overview of Global Markets & the SEE Region (Wednesday, 19 June, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, 19 June, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Speaking at the ECB’s annual Forum on Central Banking in Sintra yesterday, President Mario Draghi adopted a more dovish stance compared to that at the 6 June post-ECB meeting press conference, stating clearly that the Central Bank is open to another round of monetary policy stimulus if the outlook does not improve. In reaction to the above, fixed income...

http://www.allaboutshipping.co.uk/2019/06/19/daily-overview-of-global-markets-the-see-region-wednesday-19-june-2019/

Merz: German leader in waiting, Ahead of the ECB podcast

Merz: German leader in waiting, Ahead of the ECB podcast

Commentary: Merz – German leader in waiting

By David Marsh in Berlin

Germany has a new leader in waiting. Friedrich Merz, long-time Christian Democratic Union rival to Chancellor Angela Merkel, is moving into pole position as her most probable replacement, with strong support from German industrialists disillusioned with the mainstream politicians at the helm of the country’s lacklustre ‘grand coalition’ with the Social Democratic Party. In...

http://www.allaboutshipping.co.uk/2019/06/06/merz-german-leader-in-waiting-ahead-of-the-ecb-podcast/

Daily Overview of Global Markets & the SEE Region (Friday, 8 March, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:The ECB surprised markets to the dovish side at its monetary policy meeting yesterday, moving more quickly than expected in an attempt to counter the Eurozone’s economic slowdown and preserve accommodative financial conditions. In more detail, the ECB decided unanimously on three key policy steps: (i) the forward guidance on policy rates was extended by one quarter; (ii) the launch of a new series of seven quarterly TLTRO III...

http://www.allaboutshipping.co.uk/2019/03/08/daily-overview-of-global-markets-the-see-region-friday-8-march-2019/

Germany just avoids technical recession, Ahead of the ECB podcast

Germany just avoids technical recession, Ahead of the ECB podcast

Commentary: Germany just avoids technical recession

By Carsten Brzeski in Frankfurt

Germany narrowly escaped a technical recession at the end of 2018. Growth came in at zero, from minus 0.2% quarter-on-quarter in September. This performance was the result of too many one-offs, surfacing structural weaknesses and external uncertainties. However, it is not necessarily the end of a long positive cycle. Economic fundamentals remain...

http://www.allaboutshipping.co.uk/2019/03/06/germany-just-avoids-technical-recession-ahead-of-the-ecb-podcast/

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