Archive for October 2nd, 2014

Central Bank Watch

ECB Statement and Press Conference

October 2, 2014

ECB interest rates were left at their current levels after having been cut by 10 basis points in August.  The refinancing rate of 0.05% is flanked by a deposit rate of -0.2% and a marginal lending facility rate of 0.3%. Key operational details of the asset-backed securities purchase program and the third covered bond purchase […] More

New Overnight Developments Abroad - Daily Update

Fresh Doubts about How Soon the Fed Will Raise Interest Rates

October 2, 2014

The European Central Bank holds its monthly policy meeting today.  Investors are not expecting significant new stimulus but remain guarded about that possibility.  Confidence over the past month has waned in the likely effectiveness of plans to buy asset-backed securities.  Euroland CPI inflation dipped further in September to 0.3% overall and 0.7% on core items.  […] More