ECB press conference

ECB Keeps Things the Same

July 21, 2016

Concluding that the immediate disruption to eurozone financial markets from the British Brexit referendum had been short-lived in part because of policy supports to make the banking system more resilient, the ECB Governing Council left interest rates and non-standard policy instruments unchanged and released a statement explaining the latest thinking on the economic outlook. Officials […] More

ECB Press Conference

April 15, 2015

The Governing Council statement made no new policy initiatives, proclaimed the focus now to be on full implementation of the considerable measures taken in recent months and defended those actions as appropriate but in need of supportive fiscal policies and structural reforms from member governments.  President Draghi’s press conference may be most remembered for the […] More

Draghi Press Conference Remarks in Nicosia Sends Euro Near to Cusp of $1.1000

March 5, 2015

After the second of eight scheduled meetings of the ECB Governing Council, held off-sight in Nicosia, a statement was release informing us that The ECB refinancing rate, marginal lending facility rate, and deposit rate were left unchanged at 0.05%, 0.30%, and -0.20%. New staffing GDP and CPI forecasts had been crunched and for the first […] More

ECB Presents Greater Willingness to Ease by all Mandate-Allowable Means Should that Become Necessary

April 3, 2014

There was not rate cut or additional unconventional stimulus unveiled after this month’s Governing Council policy meeting.  But tougher language was used in a released statement and at President Draghi’s press conference to convey that Council officials are taking this prolonged period of low inflation more seriously and are unanimously prepared to implement extra conventional […] More

ECB: No Policy Changes, Predictable Thought Process

April 4, 2012

The ECB Governing Council left its 1.0% refinancing rate, 0.25% deposit rate, and 1.75% marginal lending rates unchanged as analysts were expecting. President Draghi’s introductory statement contained no notable surprises.  While CPI inflation is likely to remain above 2.0% in 2012 because of elevated energy costs and higher indirect taxes, medium-term price expectations remained anchored […] More

ECB Press Conference

February 9, 2012

The ECB Governing Council left its three key interest rates including a 1.0% refinancing rate unchanged as most analysts were expecting.  The rates were cut by 25 basis points each in November and December but not changed in January.  A statement was released today that Declared that hard and survey evidence since the January meeting […] More