Central Bank Watch
ECB Governing Council Signals Greater Attention to the Euro
April 22, 2021
As expected, the European Central Bank left its interest rate structure, quantitative policy settings, and forward guidance unchanged at today’s review. The deposit rate will stay at negative 0.5%, and there remains a 1.85 trillion euro envelope on the Pandemic Emergency Purchase Program. The characterization of inflation dismisses the recent acceleration as a development stemming […] More
New Overnight Developments Abroad - Daily Update
Spotlight on Europe: ECB Meeting and Several Indicator Releases
April 22, 2021
The weighted DXY dollar index dipped 0.1% overnight despite gains of 0.3% against the Swiss franc, 0.2% versus sterling and 0.1% relative to sterling. A new wave of Turkish lira sales also lifted the dollar 0.5% against the currency. There were modest dollar losses of 0.2% against the Mexican peso and New Zealand dollar and […] More
