Today's decision by the European Central Bank to leave its key policy interest rates unchanged was universally expected. That is not to say that the policy outlook is completely clear cut. Today's sur...

As expected, the ECB left interest rates unchanged in July at 1.00% and provided very few changes to their outlook for inflation and the Eurozone economy. The only notable change in language was the d...

As expected, ECB keeps its main refinancing rate unchanged at 1% for the second month as policymakers believed current rates are 'appropriate. At the same time, no news measures of any other kinds wer...

At the ECB press conference, held after the announcement to hold the minimum bid rate at 1%, as expected, Mr. Trichet re-iterated on Thursday the same messages as in the last few press conferences. Th...

The refinancing rate was unchanged at 1.0% as expected. Trichet did not signal that further rate cuts are in the pipeline, although he did again say that the governing council had not decided that 1% ...

The ECB will hold their next monetary policy meeting on Thursday, July 2. The ECB elected to hold rate policy unchanged in June. Since the financial crisis started last September the ECB has cut inter...

We are reasonably sure that the ECB will keep the refinancing rate unchanged at 1% at its meeting on Thursday. The flash inflation for June released today showed that inflation is now in negative terr...

Following the drastic easing in monetary conditions since October last year, the ECB governing council has entered a wait-and-see stance. As such, we expect no new monetary policy initiatives at the J...

ECB kept the refinancing rate unchanged at 1.0%. We expect the interest rate to be kept on hold for at least a year. Staff projections for growth were revised downwards - in particular for 2009. The E...

The build up to today's monthly policy meeting of the Governing Council of the European Central Bank was considerably quieter than has been the norm of late. In part, this reflects the fact that the E...

Both the European Central Bank and Bank of England decided to leave interest rates and monetary policy generally unchanged at their meetings this morning. The ECB also provided additional information ...

At the ECB press conference, the central bank updated its forecasts for 2009 and 2010. According to the ECB's staff projections, the economy will contract a whopping -5.1%, to -4.1% in 2009, much wors...

The European Central Bank (ECB) and the Bank of England (BOE) are expected to keep rates on hold, after reducing the monetary policy stance at a record pace over the past year. Both central banks have...

At their policy meeting last month, the ECB governing council announced both conventional and unconventional decisions. In line with expectations, the governing council decided to cut the main policy ...

We expect the ECB to keep the refinancing rate unchanged at 1% at its next meeting on Thursday. Inflation is now at 0% and will fall to well below zero in the coming months before returning to positiv...

The ECB policy board meets on Thursday June 4th. At the May ECB policy meeting the ECB lowered interest rates to a historic low of 1% from 1.25%, announced a plan to buy 60 bln EUR in covered bonds an...

The ECB releases the data that backs the bank's decision to cut the interest rate to 1.00%, one week ago. Usually, the market has a weak response to this release, since the data that makes up the bull...

Trichet announced after the Governing Council meeting that it had decided in principle that the Eurosystem (ECB and the European central banks) will purchase euro-denominated covered bonds issued in t...

Today's decision by the European Central Bank to cut its key refinancing rate by 25 basis points to a new alltime low of 1.00% was so well signalled that it had little impact on financial markets. How...

The ECB reduced its main refinancing rate by 25 bps to 1%, narrowing the corridors to 75 bps on both sides as the deposit rate remained unchanged at 0.25% while the marginal lending rate was lowered b...

The refinancing rate was cut by 25 bp to 1.0% as expected by all forecasters. There have been plenty of signals from members of the governing council that they are reluctant to go below 1%, although i...

Rate decisions by the Bank of England and European Central Bank this morning provided a fair bit of material to chew on. The Bank of England left interest rates unchanged at 0.50% but did expand on th...

The Governing Council decided to intervene in the Euro-area's bond market. The European Central Bank will buy up to 60 billion of covered bonds, which are financial securities backed by the cash flows...

The verdict is out, the European Central Bank decided to reduce their benchmark today to 1.00% to record a historic low and to surprise markets the central bank approved the use of non-standard measur...

We maybe premature in our observation when we say this but here goes. The euro rallied sharply against the dollar as the investors sighed a breath of relief that the 22-member governing council remain...

The ECB reduced the Minimum Bid Rate to 1.00%, inline with the market's expectations. In the current rate cut cycle, the ECB has reduced the key interest rate by 325 basis points, down from 4.25%. Add...

We expect the ECB to cut the refinancing rate by 25bp to 1% at its next meeting on Thursday and that this will be the end of the cutting cycle. At the last meeting, the ECB disappointed the market whe...

In April, the ECB elected to lower the refinance rate by 25 basis points to 1.25%, refrained from adopting quantitative ease and indicated that they would make a decision on nonstandard policy measure...

At the meeting this Thursday, we expect the ECB will reduce its refinancing rate by 25 bps to 1% and keep the deposit rate unchanged at 0.25%, hence narrowing the corridor to 75 bps. While the majorit...

At the May policy meeting, the ECB governing council is widely expected to cut the main policy rate again by 25 basis points to 1%, but to leave the deposit rate unchanged at 0.25%. Because this has b...

To our, as well as the market's, disappointment, the ECB only reduced its policy rates by 25 bps to 1.25%, less than consensus forecast of a 50 bps cut. The deposit rate was also 25 bps lower, maintai...

The ECB failed to live up to expectations this morning and decided to reduce their targeted interest rates by only 25 basis points. There was some dissent, however, with some members preferring to del...

ECB disappointed the markets today by only cutting the refi rate 25bp to 1.25%. However at the press conference ECB president Trichet kept the door open for a further reduction in the refi rate. We st...

Today's decision by the European Central Bank to cut its key interest rates by 25 basis points rather than the 50 basis points widely expected by financial markets has come as a significant surprise. ...

With G20 talks still underway, various officials are out leaking details of the scale of support to the IMF, which could receive as much as a trillion US dollars according to one official. This is abo...

ECB President, Jean Claude Trichet's description of the region's economy being 'broadly balanced' conjures up the vision of economies balancing on a giant see-saw poised perilously over the edge of a ...

The questions and answers section took off with Mr. Trichet appearing very casual and relax, speaking about the future monetary policies. The Chairman of the ECB said that the present 1.25% is not the...

The decision is out, the European Central Bank decided on Thursday 2nd of April to reduce their benchmark down to 1.25% reaching a record low, contradicting market projections where they expected a wi...

The ECB reduced the Minimum Bid Rate to 1.25%, even though that market expected a 50 basis point cut. In the current rate cut cycle, the ECB has reduced the key interest rate by 300 basis points, down...

The ECB is expected to cut interest rates 50 bps to a record low 1% in reaction to falling EU inflation and deteriorating EU economy. The ECB has cut interest rates 275 bps since last October. The ECB...

There are more uncertainties than normal on the outcome of the ECB meeting this week. We expect the ECB to cut rates by 50bp to 1.0% but to reduce the deposit rate by only 25bp to 0.25%. A key point o...

ECB will likely lower its main refinancing rate by 50 bps to 1% and deposit rate (Note 1) to 0.25% at the meeting Thursday. As recent data suggested downside risk of the nation's economy and inflation...

The ECB releases the data that backs the bank’s decision to cut the interest rate to 1.50%, one week ago. Usually, the market has a weak response to this release, since the data that makes up the bull...

ECB delivered a very downbeat projection of the Euroland economy with GDP growth of - 2.7% in 2009 and 0.0% in 2010. Even more striking was the inflation projection for 2010, now seen at 1.0%. This is...

Yesterday's decision by the European Central Bank to cut its key policy rate to 1.5% was widely expected. So, it didn't cause a ripple on financial markets. However, ECB president Jean Claude Trichet'...

Both the Bank of England and European Central Bank cut their policy rates by 50bps today. For the BoE, this takes rates down to 0.50%, which the central bank has seemed to indicate is the floor. For t...

As expected, ECB announced to lower policy rate by 50 bps to a record low of 1.5% as recent economic data confirmed that the 16-nation region has deepened in recession. Since October, the central has ...

The ECB forecasts that the economy would contract between 3.2% and 2.2% in 2009, down from December forecast of -1.0% to 0.0%. In 2010, the GDP forecast range from -0.7% to 0.7%. The CPI outlook had a...

The post European Central Bank rate decision press conference has kicked off and ECB President Trichet has been giving a fairly downbeat assessment of the economy citing lower growth and inflation for...

This Thursday, the governing council of the European Central Bank is widely expected to cut its overnight rate by 50 bps to 1.5 percent. Typically, expectations for rate decisions are already priced i...