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Monetary Policy Update for Eurozone, Brazil, Mongolia and Denmark for January 2015 brought to you by #JhunjhunwalasFinance

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European Central Bank Monetary Policy update as on 22 January 2015
European Central Bank Monetary Policy update as on 22 January 2015
Monetary Policy Update for Brazil as on 21 January 2015
Monetary Policy Update for Brazil as on 21 January 2015
Monetary Policy Update for Mongolia as on 14 January 2015
Monetary Policy Update for Mongolia as on 14 January 2015
Monetary Policy Update for Denmark as on 15 January 2015
Monetary Policy Update for Denmark as on 15 January 2015

#MonetaryPolicyUpdate for #ECB #Brazil #Mongolia and #Denmark for January 2015.

#CBE #CentralBankOfEgypt #BankOfMongolia #MongolBank
#CentralBankOfBrazil #Brazil #DanmarksNationalBank #SelicRate #InterestRate
#RepoRate #OvernightRate #EmergencyLendingRate #MonetaryPolicy
‪#‎JhunjhunwalasFinance‬

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Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

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Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.
Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

 

Global Central Banks Highlights for Monetary Policy Rates for month of October 2014.

#NationalBankOfRwanda #Rwanda #CentralBankofIceland #Iceland #ECB #EuropeanCentralBank #Europe
#ReserveBankOfAustralia #Australia #BankOfIndonesia #Indonesia #NationalBankOfPoland #Poland
#BOE #BankOfEngland #CentralBankOfTajikistan #Tajikistan #CentralReserveBankOfPeru #Peru
#BankOfUganda #Uganda #BankOfKorea #SouthKorea #NationalBankOfSerbia #Serbia
#CentralBankOfEgypt #Egypt #CentralBankOfChile #Chile #CentralBankOfSrilanka #Srilanka
#BankOfMozambique #Mozambique #CentralBankOfNamibia #Namibia #BankOfCanada #Canada
#BankOfNorway #NorgesBank #Norway  #CentralBankOfPhillipines #Phillipines #CentralBankOfTurkey #Turkey
#BankOfIsrael #Israel  #BankOfMauritius #Mauritius #NationalBankOfAngola #Angola #BankOfAlbania #Albania
#RiksBank #CentralBankOfSweden #Sweden #NationalBankOfHungary #Hungary
#CentralBankOfBrazil #Brazil  #ReserveBankOfNewZealand #NewZealand
#ReserveBankOfFiji #Fiji  #CentralBankOfColombia #Colombia
#BankOfJapan #Japan #BankOfRussia #Russia #RussianFederation
#BankOfMexico #Mexico #America

#MonetaryPolicy #MPR #MonetaryPolicyRate
#InterestRate #RepoRate #PolicyRate #KeyRate

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Monetary Policy Review for European Central Bank and Reserve Bank of Australia as on 2nd and 6th October 2014

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Australian Central Bank holds Rate as on 6th October 2014
Australian Central Bank holds Rate as on 6th October 2014
European Central Bank maintains Refinancing Rate as on 2nd October 2014
European Central Bank maintains Refinancing Rate as on 2nd October 2014

Monetary Policy Review for #EuropeanCentralBank and #ReserveBankOfAustralia as on 2nd and 6th October 2014

Reserve Bank of Australia maintains the #CashRate at 2.50% per annum . .
Data released by Reserve Bank Of Australia.

European Central Bank maintains its #Benchmark #RefinancingRate at 0.05% per annum
Data compiled and released by European Central Bank.

#RBA #Australia #EuropeanUnion #ECB #MonetaryPolicy

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Monetary Policy Review for Bank of England , European Central Bank and Central Bank of Sweden as on 4th September 2014

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Bank of England maintains Bank Rate as on 4th September 2014
Bank of England maintains Bank Rate as on 4th September 2014
European Central Bank cuts Benchmark Refinancing Rate as on 4th September 2014
European Central Bank cuts Benchmark Refinancing Rate as on 4th September 2014
Sweden's Central Bank or  RiksBank maintains Repo Rate as on 4th September 2014
Sweden’s Central Bank or RiksBank maintains Repo Rate as on 4th September 2014

 

Monetary Policy Review for #BankOfEngland #EuropeanCentralBank and #CentralBankOfSweden as on 4th September 2014

Bank of England #BOE maintained its #BankRate at 0.5% per annum
and leaves asset purchase program at £375 billion .
Data compiled and released by Bank of England

European Central Bank cuts its Benchmark #RefinancingRate by 10 Basis Points to 0.05% per annum
and also cuts its #DepositRate by 10 Basis Points to -0.20% .
Data compiled and released by European Central Bank.

#RiksBank or #CentralBankOfSweden maintains #RepoRate at 0.25% per annum .
Data compiled and released by RiksBank

#Sweden #EuropeanUnion #ECB #England #MonetaryPolicy

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Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.

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Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.
Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.

Global Central Banks Highlights for Monetary Policy Rates for the first week of September 2014.

#CentralBankOfEgypt #ReserveBankOfAustralia #CentralBankOfBrazil #BankOfCanada
#RiksBank #CentralBankOfKenya #EuropeanCentralBank #BankOfEngland #BankOfMexico
#Egypt #Australia #Brazil #Canada #Sweden #Kenya #ECB #England #Mexico #MonetaryPolicy

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Monetary Policy Review for Bank of England and European Central Bank as on 7th August 2014

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Bank Of England maintains Bank Rate
Bank Of England maintains Bank Rate
European Central Bank maintains Benchmark Refinancing Rate
European Central Bank maintains Benchmark Refinancing Rate

Monetary Policy Review for #BankOfEngland and #EuropeanCentralBank as on 7th August 2014

European Central Bank maintained its #BenchmarkRefinancingRate at 0.15 % per annum , along with its
#MarginalLendingFacilityRate at 0.4 % and its #DepositRate at minus 0.10 %.
Data compiled and released by European Central Bank.

Bank of England #BOE maintains its #BankRate at 0.5% pa and asset purchase programme
at 375 Billion Pounds at its meeting on 7th August 2014, next due as on 4th September 2014.
#CurrentInflation at 1.9% based on #CPI with next due on 19th Sep 2014.
Data compiled and released by Bank of England

#Inflation #ConsumerPriceInflation #England #MonetaryPolicy
#EuropeanUnion #ECB #MonetaryPolicyRate #PolicyRate #MPR

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ECB European Central Bank to keep rates low for extended time and may cut

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The European Central Bank (ECB) said it will maintain an easy monetary policy stance for “as long as necessary” to boost economic growth and that it may even cut rates further.
The ECB, which earlier today held its benchmark refinancing rate steady at 0.5 percent, said the risks surrounding its economic outlook remain on the downside and the recent rise in global bond yields “may have the potential to negatively affect economic conditions.”
Low interest rates will help “provide support to a recovery in economic activity later in the year and in 2014,” ECB President Mario Draghi told a news conference, adding:
“The Governing Council expects the key ECB interest rates to remain at present or lower levels for an extended period of time,” signaling that the central bank may cut rates if growth fails to improve.
Draghi’s admission that the recent rise in long-term interest rates may be harmful to growth in the 17 nations that share the euro follows a similar concern expressed by the Bank of England earlier today.
In addition to the “recent tightening in global money and financial market conditions and related uncertainties,” Draghi said other downside risks to growth include weaker-than-expected domestic and global demand and slow or insufficient structural reforms in the euro area.

Long-term interest rates have risen worldwide in recent weeks following the Federal Reserve’s decision on June 19 to start winding up its asset purchase program later this year as long as the economy continues to recover.
But while the U.S. economy is growing, the euro zone remains mired in recession and Draghi is clearly worried that budding signs of improvement could be snuffed out by higher market rates. The ECB cut rates by 25 basis points in May to boost economic activity.
In the first quarter of this year, the euro zone’s Gross Domestic Product contracted by 0.3 percent from the previous quarter – it’s sixth quarterly contraction in a row. On an annual basis, the economy shrank by 1.1 percent, up from a 1.0 percent contraction in the fourth quarter.
Draghi said recent data had shown some improvement and exports should benefit from a gradual recovery in global demand later in the year and next year, with domestic demand supported by the ECB’s accommodative policy as recent gains in real income due to the fall in inflation.
“Overall, euro area economic activity should stabilise and recover in the course of the year, albeit at a subdued pace,” Draghi said, repeating his outlook from June when the ECB cut its growth forecast.
This year the ECB expects the euro zone economy to shrink by 0.6 percent, an improvement from 2012’s decline of 1.5 percent.
Inflation in the euro area rose to 1.6 percent in June, the third monthly rise since falling to a low of 1.2 percent in April. The ECB targets inflation of below but close to 2.0 percent.
The ECB expects inflation to remain subdued over the medium term, supporting the bank’s expectation to keep policy rates low along with weak economic growth.
“The risks to the outlook for price developments are expected to be still broadly balanced over the medium term, with upside risks relating to stronger than expected increases in administered prices and indirect taxes, as well as higher commodity prices, and downside risks stemming from weaker than expected economic activity,” Draghi said

for more details log on to European Central Bank website : http://www.ecb.int/home/html/index.en.html

ECB European Central Bank cuts rate by 25 bps to 0.50%

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ECB cuts rate by 25 bps to 0.50% – Central Bank News.

The European Central Bank (ECB) cut the rate on its benchmark refinancing facility by 25 basis points to 0.50 percent, as widely expected, along with a 50 basis point cut on the rate on its marginal lending facility to 1.0 percent. The rate on its deposit facility will remain steady at 0.0 percent, the ECB said in a brief statement.
   ECB President Mario Draghi will comment on the decision by the ECB council at a press conference later today.
    Speculation had intensified in recent days that the ECB would cut rates following news that the inflation rate for the 17 nations sharing the single currency fell to 1.2 percent in April, the lowest since February 2010, and well below the ECB’s target of inflation that is below but close to 2 percent.
    Economic recession, growing unemployment and recent comments by ECB council members also fueled speculation of a rate cut. Last month Germany’s Jens Weidmann, head of the Bundesbank, said the ECB would only cut rates if the economic situation worsened and then both Draghi and Klaas Knot of the Netherlands central bank said the economic situation was not improving.
    Last month at the ECB’s press conference, Draghi said the bank was keeping a close eye on economic data for its impact on monetary policy and was ready to act. He also said the ECB was looking at various instruments and tools to stimulate economic activity.

    The unemployment rate in the euro zone rose to 12.1 percent in Mach from 12.0 percent, the highest level since Eurostat, the European Union’s statistics office, started collecting the data in 1995.
    The euro zone’s Gross Domestic Product shrank by 0.6 percent in the fourth quarter of 2012, its fifth quarterly contraction in a row, for an annual decline of 0.9 percent, up from 0.6 percent in the third quarter. Economist forecast a further contraction in the first quarter of this year.
    Global policy makers have also put pressure on the ECB to stimulate the economy with the International Monetary Fund’s managing director, Christine Lagarde, last month saying the ECB still has room to manoeuvre and could cut rates.

    www.CentralBankNews.info

ECB holds rate, but keeping very close eye on data – Central Bank News

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ECB holds rate, but keeping very close eye on data – Central Bank News.

The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as expected, but signaled that it may cut rates if the economy continues to weaken by saying it will be monitoring economic data “very closely” in coming weeks for the impact on its monetary policy stance.

    The ECB, which cut its rate by 25 basis points in 2012, said economic activity remained weak at the start of this year but it is still projecting a gradual economic recovery in the second half of 2013.
    However, it stressed the downside risks to this forecast, including weaker-than-expected domestic demand and slow or insufficient structural reforms, which would “have the potential to dampen the improvement in confidence and thereby delay the recovery,” ECB President Mario Draghi said in his prepared statement to a press conference.
    Last month ECB staff cut their growth forecast for the 17 nations that share the euro to a contraction in Gross Domestic Product of between 0.9 and 0.1 percent this year. In the fourth quarter of 2012, GDP shrank by 0.6 percent, the fifth quarterly contraction in a row, for an annual drop of 0.9 percent.
    “Against this overall background, our monetary policy stance will remain accommodative for as long as needed,” Draghi said, adding: “We are also closely monitoring money market conditions and their potential impact on our monetary policy stance and its transmission to the economy.”

    Draghi made no specific reference to recent events in Cyprus but said the fragmentation of euro area credit markets had to be reduced further so the ECB’s policy stance could be transmitted throughout the euro area.
    Despite the ECB’s low interest rates, there is a wide spread in the interest rates that businesses pay for loans in the euro area. Businesses in Southern Europe, for example in Spain and Portugal, pay much higher loan rates than those in Germany.
    Draghi called for further steps to establish a full banking union throughout the euro zone, saying in “light of recent experience” – an obvious reference to Cyprus – it is crucial that a single banking supervisor and a single resolution mechanism for troubled banks is implemented.
   Inflation in the euro zone continued to fall in March, with the annual rate down to 1.7 percent from February’s 1.8 percent, mainly due to lower energy prices.
    Draghi said inflationary expectations remain in line with the ECB’s price stability objective. The ECB targets inflation that is below, but close to 2 percent.
    Although most economists had expected the ECB to keep rates steady, a growing number were  expecting the bank to signal that it may ease policy later this year if the economy remains weak.
     The jobless rate in the 17 nation area was unchanged at 12.0 percent in February with rates in Greece and Spain above 50 percent.
    Last month the OECD said there was a strong case for the ECB to ease its policy given weak demand and inflation that is below its objective.
    “The risk of undue inflationary pressure associated with monetary easing is small, as the transmission mechanism is impaired, especially in the periphery countries where banks face high funding costs,” the OECD said in its interim economic report.