Archive for June 5th, 2014

Central Bank Watch

ECB Announces Combination of Measures to Secure Stable Expected Inflation and Encourage Bank Lending

June 5, 2014

First, key interest rates were cut: 1. The interest rate on the main refinancing operations of the Eurosystem will be decreased by 10 basis points to 0.15%, starting from the operation to be settled on 11 June 2014. 2. The interest rate on the marginal lending facility will be decreased by 35 basis points to […] More

New Overnight Developments Abroad - Daily Update

Markets Seeking Direction from the ECB Today

June 5, 2014

Investors are marking time ahead of the ECB rate announcement and press conference at 11:45 GMT and 12:30 GMT, respectively.  Rates are expected to be cut slightly, and there probably will be other unconventional moves to promote bank lending.  Yesterday’s Federal Reserve Beige Book report had depicted modest to moderate continuing growth with low inflation. […] More