ECB minutes

Varying Central Bank Interest Rate Changes to Tackle Inflation

October 6, 2022

The global environment of high inflation, slower economic growth, and central banks raising interest rates has favored the dollar. The weighted DXY dollar  index climbed 0.4% overnight. Although the poorly received plan to eliminate the highest British tax bracket has been withdrawn, British financial markets remain especially vulnerable. Sterling is 0.5% weaker today against the […] More

Investors Concerned about Trade Strains Augmenting Slow Global Growth

November 21, 2019

Share prices overnight in the Pacific Rim fell 1.6% in Hong Kong, 1.4% in South Korea, 1.2% in Singapore, 0.7% in Australia, 0.6% in Taiwan and Indonesia, 0.5% in Japan and 0.3% in China. European stock markets are down but not as sharply as Asia’s. The dollar today is little changed since Wednesday’s close. Ten-year […] More

A Stronger Pound on Brexit Hopes

November 22, 2018

The dollar has declined 0.7% against sterling. European Council President Tusk kindled hopes for a Brexit deal, declaring, that a deal “has been agreed at negotiators’ level and agreed in principle at political level.” The British Ftse has fallen 1.0%, and the 10-year British gilt yield climbed four basis points. With the United States celebrating […] More

Markets React to ECB Minutes

February 16, 2017

Published minutes from the last ECB meeting (known as the ECB Account) allayed concerns that the recent spike in inflation to around the central bank’s target would not lead to an abandonment of the current easy stance. The rise of headline inflation was caused by energy and shows no visible sign of indirect or second […] More

ECB and FOMC Minutes

February 19, 2015

The ECB meeting of January 22 authorized quantitative easing totaling 60 billion euros per month over the twenty months to September 2016.  This substantial loosening of monetary policy was taken in response to a weaker-than-hoped quantitative response by banks to initiatives launched last September, to newly arisen expectations of sub-zero CPI inflation “for some time,” […] More

Market-Friendly News

February 19, 2015

FOMC minutes released late Tuesday revealed Fed policymakers are in no hurry to raise the fed funds rate, suggesting the first move may be closer to September than June.  Concern centers on signal of tightening while inflation is close to 1%.  Another worry is the Greek debt crisis. The ECB releases minutes of its January […] More