ECB Charts Lone Crisis Stimulus in Choppy Wake of Shifting Fed
Alexander Weber and James Hirai, Bloomberg News The European Central Bank (ECB) headquarters beside the River Main in Frankfurt, Germany, on Thursday, June 17, 2021. European Central Bank Chief Economist Philip Lane signaled that policy makers may not have all the data they need by September to start shifting policy away from the current ultra-loose stance. , Bloomberg
(Bloomberg) European Central Bank officials are gearing up for a new phase of crisis response where their ultra-loose monetary stimulus becomes an increasingly lonely effort while the rest of the world moves on.
ECB Confronts Shifting Markets as Economy Stays Frozen: Eco Week msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
ECB Officials Agree to Counter Investor Rate-Cut Skepticism
Bloomberg 1/27/2021 Carolynn Look
(Bloomberg) European Central Bank policy makers are uncomfortable that investors appear to be largely ruling out more interest-rate cuts, and have agreed to stress that such stimulus remains a viable option, according to officials.
The Governing Council last week discussed how market pricing foresees little chance of a reduction further below zero, and concurred on the need to highlight that possibility, the officials said, asking not to be identified because the deliberations were private.
The euro extended its decline on the news before retracing those losses to trade 0.5% down on the day. Money markets brought forward bets on a five-basis-point rate cut to July, from September earlier.