In around 15 minutes Mario Draghi gives his quarterly hearing to parliament and will naturally be covering the economy and inflation as well as regulation, banking union etc. He may also give comment on the Ukraine situation.
Posts Tagged ‘european central bank’
But it’s like a ghost town in EU parliament HQ at the moment.
ECB subject to jurisdiction of ECJ View low inflation for protracted period of time Length of time of low inflation not unprecedented Most of downward path in core inflation is mostly down to price adjustment in programme countries This shows that in part this is a one off effect This is a big key point in ECB thinking and as far as I can recall it’s the first time he’s talked in detail about the moves in core inflation.
The Charge of the Light Brigade hasn’t begun quite yet, but the prospect of another war in the Crimean peninsula looms over the financial markets this morning. Safe havens like the dollar and the yen are seeing strong inflows, while equity bourses look likely to take a beating after the opening bell.
Quotes from Danske bank: Having sent a mixed message for some time, the ECB is increasingly signalling it is ready to take action. Since the February meeting, it has worked on the 2016 inflation forecast – a crucial input to its decision at the March meeting
Europe should put main emphasis on structural reforms
The IMF chief’s admission that the wrong solutions were applied to the crisis seems crass, given what Greeks are suffering On Thursday, Christine Lagarde made some comments in an interview for Australia’s ABC which have passed largely unreported, Greece no longer being the crisis en vogue . She admitted that the troika – the entity consisting of the European commission, the European Central Bank and the International Monetary Fund, of which Lagarde is the head – was mistaken in its calculations initially and that this led to the wrong economic solutions being applied to the Greek crisis
Upbeat and cautionary all in one from Peter Praet EURUSD still 1.3730 Add: monetary policy will remain accommodative for ” as long as needed” we really mean it I’m sure you do Peter.
ECB President Mario Draghi is participating in a panel discussion in Davos along with former SNB President Philipp Hildebrand. The panel is entitled “the path from crisis to financial stability”.
I don’t see deflation in the eurozone Inflation will gradually move toward 2%
ECB is of the strong opinion that national backstops on bank resolution is insufficient and we need a European one ECB would welcome a single European resolution fund
Mario Draghi says held-to-maturity government debt probably won’t be marked to market in EU bank stress tests. Periphery debt has largely recovered but the move gives banks breathing room but it could also undermine the results.
So what you’re saying is that more unconventional mon pol will help more?
In many respects situation remains fragile Risks to economic outlook are on the downside ECB vice pres Vitor Constancio speaking to reporters about the report in Frankfurt