Primed by comments from ECB president Jean Claude Trichet that this month's ECB Governing Council meeting would be 'an important rendezvous', markets awaited today's press conference with greater than...

The ECB is in the middle of a tough balancing act as it is attempting to lay the groundwork for mopping up extra liquidity in the banking system while still maintaining favorable lending conditions an...

The 3-month auctions will be with fixed allotment from now on. The ECB's weekly main refinancing operations and the one-month auctions will continue to be with full allotment at least until 12 October...

The Governing Council decided to leave the key ECB interest rates unchanged. The Euro-system continues to provide liquidity support to the banking system of the euro area at very favorable conditions,...

ECB's monetary decisions in March are broadly inline with expectations. The central bank left the main refinancing rate unchanged at 1% while fine-tuning the funding operation frameworks. The ECB staf...

Last month's ECB press conference was largely uneventful and it surely was meant to be so. The ECB had “surprised” the markets in December by setting out its exit strategy and implementing initial mea...

Since the last Governing Council meeting, macroeconomic data has been soft and concerns about Greece remain high on the agenda. The tiny GDP growth in Q4 09 brings forward concerns about whether the e...

The upcoming ECB meeting is the focus of the week as the President Trichet has mentioned several times that more detailed money market measures will be announced at the March meeting. Given the negati...

The ECB is expected to deliver a first hike of the refinancing rate to 1.25% in November 2010. This is somewhat later than the hawkish August 2010 hike we had previously communicated. The implementati...

As expected, today's ECB press conference was largely uneventful in terms of major market- moving developments. Both the ECB and financial markets approached it with the understanding that it would be...

The ECB press conference did not really provide any new info on the ECB's views on growth and inflation, nor did we get any new information on the exit strategy for nonstandard measures. We will get m...

As expected, the ECB kept its main refinancing rate unchanged at 1%. The introductory statement was very similar to the one released 3 weeks ago. The central bank believed current rates remain appropr...

Since the last governing Council meeting macroeconomic data has improved and the euro weakened, but at the same time market sentiment has been more downbeat and concerns about Greece remain. Given thi...

The January meeting took place only three weeks ago, a smaller than usual gap, meaning that not so much new info has become available. President Trichet hinted at the January press conference that dis...

The ECB will most likely announce to keep the main-refinancing rate at 1% at the meeting Thursday. Although economic recovery remains on track, there have been signs showing that the growth is losing ...

At its monthly press conference, European Central Bank (ECB) President Trichet was assertive in calling for fiscal discipline in its 16 member states that comprise 330 million people using the euro. A...

Traditionally, the January meeting of the ECB's Governing Council attracts relatively little attention. In part, this is because the Christmas break means new economic information is in relatively sho...

The ECB is still signalling that rates are appropriate and that inflationary pressure over the medium term is low. The decision to leave rates unchanged was unanimous. We do not expect a first rate hi...

The Governing Council decided to leave the key ECB interest rates unchanged. The latest information confirms that towards the end of last year economic activity in the euro area continued to expand. T...

As expected, the ECB meeting offered no surprise to the market on both economic outlook and monetary policy. The central bank kept the main refinancing rate at 1% and stated current interest rates are...

The ECB is expected to keep the main refinancing rate unchanged at 1% in January. After announcing some liquidity withdrawal measures at the December meeting, the upcoming meeting will likely be a qui...

The ECB will hold its first policy meeting for 2010 on Thursday January 14th. At the December policy meeting the ECB announced that it would leave its refinance rate unchanged at 1% and begin an exit ...

The ECB will hold the refinancing rate unchanged at the Governing Council meeting on Thursday. Trichet is also expected to reiterate that “current rates remain appropriate” and will not signal any rat...

In end-08, central banks worldwide reduce policy rates to stimulate economic growth, in hopes of combating the worst global recession since World War II. Apart from traditional easing measures, some c...

The rate in the last 12-month longer-term refinancing operation, to be allotted on 16 December 2009, will be fixed at the average minimum bid rate of the MROs over the life of this operation. Trichet ...

The Governing Council (GC) of the European Central Bank is beginning to remove the support it has been providing to credit markets, but still sees no need for interest rate hikes for now. While the EC...

As anticipated, the ECB maintained the main refinancing rate unchanged at 1% and announced that December's 12-month refinancing operation will be the last one. Moreover, Eurosystem staff revised up pr...

As expected, the ECB has decided to keep the key interest rate at 1.00%, and at the same time decided to lay the foundation to exit the quantitative easing programs by fixing the 12-month refinancing ...

There will be several important announcements at the ECB's meeting Thursday. While the main refinancing rate will be kept at 1%, the central bank will announce adjustments in the refinancing operation...

The ECB to leave the refinancing rate unchanged at the Governing Council meeting on Thursday. Trichet will also reiterate that "current rates remain appropriate" and will not signal any rate hikes for...

At his November 5 press conference, ECB president Trichet clearly hinted that the ECB was contemplating its exit strategy for its non-conventional policy measures and suggested it would present its co...

The European Central Bank (ECB) will hold a policy meeting on Thursday December 3rd. The ECB is expected to maintain steady interest rate policy and outline an exit strategy from extraordinary liquidi...

While it was universally expected that the European Central Bank would leave its key policy rates unchanged today, there was quite an amount of interest in the monthly press conference which followed ...

There was a tremendous amount of uncertainty in the markets heading into the Bank of England decision. With interest rates about as low as they could go, the BoE has relied on quantitative easing to p...

Trichet signalled that the 12-month long-term refinancing operation (LTRO) with full allotment in December will be the last 12-month auction. We still expect shorter auctions with full allotment, but ...

At the monthly post-ECB rate decision press conferences, Mr. Trichet, the Head of the ECB, gave a statement that was divided into two sections; monetary and fiscal policies. Regarding monetary policie...

As expected, the ECB left the main refinancing rate unchanged at 1% in November and stated the current level of interest rates as appropriate. Moreover, President Trichet said that the stimulus polici...

As there's only one month to go for the release of a new set of staff projection in December, we will probably not get much new information from the ECB at November's meeting. Policymakers should leav...

The Bank of England (BOE) will hold a policy meeting on Thursday November 5th. At the October policy meeting the BOE elected to maintain the current level of interest rates at a record low 0.5% and as...

This week, the Fed, ECB and Bank of England will all hold regular monetary policy meetings. As no changes in interest rates are expected, markets will look for verbal hints as to how and possibly when...

The ECB is expected to leave the refinancing rate unchanged at the Governing Council meeting on Thursday. We expect the tone at the press conference to turn slightly more positive (again) as both soft...

Earlier today ECB Governing Council member Weber gave a speech to a group of bankers in Berlin. He was more hawkish than usual both with regards to German fiscal policies and more importantly with res...

RBA's 25bps-increase in policy rate in October marked the first rate hike in developed economies (and the second in the world after Israeli central bank) in the current easing cycle. Although producti...

It came as no surprise to markets that the European Central Bank left its key interest rates unchanged today. Although there were some ripples earlier in the week following the decision by the Reserve...

The ECB seems to have become slightly more positive on the economic situation than they were a month ago, although Trichet specifically said that "We have a judgment today that is very close to our ju...

The European Central Bank announced their interest rates following the Bank of England's decision, as they also left them steady, the lowest on records. The ECB withholds their stance on further rate ...

We anticipate the ECB will keep the policy rate unchanged at 1% for the 6th consecutive month. At the same time, President Trichet should state that the current rates remain 'appropriate' while inflat...

Since the September policy meeting, the eco data have confirmed that the economic recovery is on track, although the improvement in the business confidence surveys has slowed a bit and most surveys ar...

Just EUR75.2bn was allotted at today’s 12-month long-term refinancing operation. The relatively low amount requested at today’s auction reflects that market rates have fallen to very low levels and th...

As it is generally expected that the European Central Bank will not raise interest rates for some significant time, financial markets paid little attention to today's decision to leave policy unchange...