Ecb in a sentence | Use of the word ecb examples

“For the ecb, this all means: probably more easing ahead,” Sebastian Wanke of KfW Research wrote in a note.

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

Euro zone government bond yields held near recent lows reached after ecb chief Mario Draghi’s dovish speech in Sintra last week.

“It adds to the notion that ecb policy easing is likely to unfold,” said Guntermann.

The source added that Merkel was “very positive” on the idea of Lagarde heading the ecb.

“The recent u-turn of the ecb towards more dovishness indicates that financing conditions for new domestic investments will remain favourable.

While some investors are advocating an earlier move, changes at the top of the ecb may complicate the process.

Several ecb officials, including Coeure, have argued in favor of creating such an agency over the past months.

The ecb‘s favorite inflation reading is at a record low.

The ecb’s was couched in terms of weakness.

Possible eurozone contagion could lead to the ecb backing monetisation if the EU lurches into recession.

Officials said that Italy’s huge public debt was now effectively subsidized by the ecb’s bond-buying program.

An ecb spokesman declined to comment.

Several saw a change to the ecb’s policy message as the first port of call.

But he declined to confirm that on Friday, saying bankers at the ecb and the European Commission were “very sensitive” to such matters.

“As for the ecb, because of the Franco-German stalemate, it can be difficult too.

Deutsche Bank said in a scathing note that the ecb‘s NIRP is putting the very existence of the eurozone at risk.

In 2013, Weidmann testified against the ecb in a German court case over the OMT.

But there’s a reason both the ecb and Denmark have stuck to mildly negative rates, like negative 0.4 percent (the current ecb rate).

“We expect the ecb to turn more dovish and push the euro lower,” said CBA FX analyst Joseph Capurso.

And she has no obvious prejudices that would get in the way of a thorough review of the ecb’s monetary policy strategy.

She will rely heavily on ecb Chief Economist Philip Lane for creativity.

The spotlight also fell on Austria, which priced a five-year bond issue below the ecb’s deposit rate and tapped its ‘century’ bond.

An ecb gathering in Sintra, Portugal, could also signal its readiness to act decisively, say ING analysts.

Eurobank said it expects to close the transaction by July, subject to approval by the ecb’s Single Supervisory Mechanism.

“Not only we will scrupulously respect the formal procedure, but we will also hold any ecb recommendations in the highest regard,” he added.

Bagnai said that European rules required the government to seek the ecb’s view about such a reform.

In contrast, the ecb decided to raise interest rates — a contractionary policy — in 2011.

But Lagarde also has a global perspective that many of her rivals for the ecb job lack.

Analysts expect Lagarde to continue current ecb chief Mario Draghi’s dovish policy stance.

But Lagarde also has a global perspective that many of her rivals for the ecb job lack.

A Reuters poll suggested the number would be 1.2% year-on-year, missing the ecb’s target of just below 2%.

The (ecb) governing council extended its forward guidance timing, but also under-delivered on the TLTRO front,” TS Securities told clients.

Lane also disputed critics who argue that the ecb’s policy arsenal is nearly depleted.

“The effectiveness of the policy toolkit means that we can add further monetary accommodation.” The ecb next meets on July 25.

Draghi said on Tuesday the ecb will ease again if inflation fails to accelerate.

“As for the ecb, because of the Franco-German stalemate, it can be difficult too.

The ecb announced it would end its bond-purchase program at year-end but signaled that any interest rate hike was still distant.

But it will take place soon,” Draghi told reporters after an ecb policy meeting.

The market had initially appeared disappointed with the ecb’s policy response, with the euro strengthening and yields rising on Thursday.

Italian debt, seen as one of the biggest beneficiaries of ecb largesse, outperformed, with 10-year yields dropping nearly 4 bps to 2.098%.

A Finance Ministry spokesman declined to comment on Draghi’s comments, made in a speech at an ecb conference in Sintra.

The ecb will publish its latest Economic Bulletin at 9.00 a.m. GMT (4.00 a.m.

Investors are already shifting their focus to other key events coming up this week— namely, FOMC, ecb meeting and U.S.-China trade talks.

The ecb and Germany’s regulator BaFin declined to comment.

But it later slipped after IMF managing director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

The euro pulled back after sources said European Central Bank policymakers were open to cutting the ecb’s policy rate should economic growth weaken.

An ecb spokesman declined to comment.

There’s a fourth force lurking, which is huge and it’s the ecb moving away from negative rates.

“I’ve been a relatively big fan,” ecb ratesetter Ardo Hansson told Reuters.

The fact ecb is even contemplating resuming QE shows how much the outlook for the European economy has darkened.

Other euro zone government bond yields edged lower, having dipped to record lows on Monday on the back of dovish comments from ecb policymakers.

Draghi shocked the markets by saying the ecb bank would ease policy again if inflation fails to accelerate.

“The five-year, five-year forward inflation rising is a sign that the ecb is regaining some credibility in achieving its goals.

The measure is tracked by the ecb and so followed closely by market watchers and economists.

A 10 bps ecb rate cut is now fully priced in by October, and another is anticipated in 2020.

Commerzbank expects the ecb to move as early as July.

(Graphic: Global rate cut bets rise – tmsnrt.rs/2Irovnl) The ecb is not the only central bank battling both low inflation and low expectations for inflation.

That contrasts with the end of 2014 and early 2016 – when the ecb last ramped up quantitative easing.

In fact, it has consistently undershot the ecb’s target since 2013.

Because the ecb can print an unlimited number of euros, that quickly calmed markets and brought interest rates down.

Italian government bond yields were also higher on the day, having fallen to two-month lows ahead of the ecb meeting.

Inflation forecasts were also tweaked at Philip Lane’s first policy meeting as ecb Chief Economist.

With the ecb officially targeting an inflation rate of just below 2%, it still has some way to climb, however.

If approved, she would take over as ecb president from Mario Draghi on Oct. 31.

The German Bund yield fell to -0.409%, dropping below the ecb’s deposit rate of minus 0.4%.

The last time 10-year bond yields in the euro zone’s biggest economy fell near ecb rates was during the global financial crisis.

In December 2008, the ecb depo rate was 2.75% and the 10-year Bund yield fell to 3.04%.

Germany’s Bund yield dipped briefly below the ecb’s main refinancing rate on Dec. 12, 2008.

At current levels, the cost to banks for holding long-dated German government bonds is higher than depositing cash at the ecb.

Lagarde, former French finance minister and IMF director since 2011, was tapped by European leaders last week to replace Mario Draghi at the ecb.

The glum German data pushed bond yields across the euro zone lower, reinforcing ecb rate-cut expectations.

But absent comparable moves from the Fed’s immediate peers — particularly the ecb — the Fed’s rate increases may bite more than expected.

“We expect the ecb to turn more dovish and push the euro lower,” said CBA FX analyst Joseph Capurso.

Draghi had said in a letter published on Wednesday that exchange rate shifts were a side effect, not the objective, of ecb policy.

There were also expectations that both the ecb and BOJ would have announced significant new easing measures by now.

Two of the leading contenders to head the ecb are German Jens Weidmann and French central bank governor Francois Villeroy de Galhau.

ecb President Mario Draghi is expected to maintain guidance about the possibility of more stimulus.

Expectations for ecb monetary easing soon are high, overshadowing Italy’s domestic risks for now.

An ecb spokesman declined to comment.

Italian central bank governor Ignazio Visco also blamed the euro’s surge after the ecb’s latest decision on “interactions with U.S. interest rates”.

The argument for more quantitative easing (QE) from the ecb was less clear to some policymakers, however, the sources said.

The last time 10-year bond yields in the euro zone’s biggest economy fell near ecb rates was during the global financial crisis.

Two, the likelihood that Lagarde was unlikely to alter the ecb’s current dovish policy stance, judging by recent comments.

But the ecb chief failed to convince traders that he would fight back.

“The ecb must have had the intention to dampen the recent euro appreciation,” Carsten Brzeski, an economist at ING, said.

“Judging from the imminent market reaction, the ecb will not be satisfied.” Reporting by Francesco Canepa; Editing by Catherine Evans

“Bitcoin is a sort of tulip,” ecb Vice President Vitor Constancio said in September, comparing it to the Dutch 17th century trading bubble.

Markets’ eyes will be firmly fixed on the ecb’s annual three-day shebang in Sintra and policy meetings in Japan and Britain.

In 2013, Weidmann testified against the ecb in a German court case over the OMT.

But it later slipped after IMF Managing Director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

The ecb next meets for a rate review on July 25.

“But we need to see a meaningful improvement in the data to see the ecb sitting on its hands in the autumn.

He said that the decision implied ecb reinvestments would last at least until mid-2021, which is very supportive for markets.

“Right now, the carry and the ecb monetary easing is cancelling out the negative headlines.

An ecb spokesman declined to comment.

Italian central bank governor Ignazio Visco also blamed the euro’s surge after the ecb’s latest decision on “interactions with U.S. interest rates”.

The argument for more quantitative easing (QE) from the ecb was less clear to some policymakers, however, the sources said.

Despite it being a public holiday in Germany, the ecb governing council discussed the matter by phone.

The ecb, Bank of Japan and People’s Bank of China also stand ready to turn on the stimulus taps if things turn ugly.

Likewise a commission presidency for France would rule out French ecb candidate Francois Villeroy de Galhau.

They notified the ecb, which declared Popular – a bank it had deemed solvent a day earlier – as “failing or likely to fail”.

The European Central Bank (ecb) chief will hold a press conference at 1.30 p.m. GMT (8.30 a.m.

The ecb is expected to hold the interest rate unchanged at 0% and the deposit rate unchanged at 0.4%.

And as often happens, the path trodden by the Fed, ecb and Bank of Japan is being followed also by emerging markets.

Hungary meanwhile is expected to put off any rate-tightening plans in response to the ecb’s dovish pivot.

The ecb will use the “coming weeks” to study its options, he said, suggesting that action may come sooner rather than later.

ecb policymakers next meet on July 25.

Earlier this month the ecb changed its forward guidance, ruling out raising interest rates in the next year.

“Right now, the carry and the ecb monetary easing is cancelling out the negative headlines,” said DZ Bank strategist Daniel Lenz.

Here’s the key extract from the interview: “The European Central Bank (ecb) has greater problems than the Federal Reserve.

“We expect the ecb to turn more dovish and push the euro lower,” said CBA FX analyst Joseph Capurso.

But it later slipped after IMF Managing Director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

Lagarde, the current International Monetary Fund head, is widely expected to maintain the dovish stance of current ecb President Mario Draghi.

For an interactive version of Bund yield set to fall below ecb deposit rate, click here tmsnrt.rs/2YtKj7d.

One thing is clear: the ecb will have to think creatively, then act quickly and in size to generate traction.

Size matters The ecb will likely kick off with monthly asset purchases of around 20-30 billion euros for six-12 months, three banks estimate.

Rewrite the rules The ecb will certainly have to tweak its bond-buying rules.

Currently, a “capital key” rule means the bigger an economy, the more of its debt the ecb buys.

Alternatively, the ecb could re-write the rules, one report suggests.

The issuer limit was designed to prevent the ecb from becoming a “blocking minority” and voting against any future debt restructuring proposals.

(Graphic: ecb PSPP – tmsnrt.rs/2EfklfI) (Interactive version: tmsnrt.rs/2EgAulf) 4.

But Lagarde also has a global perspective that many of her rivals for the ecb job lack.

Several ecb officials, including Coeure, have argued in favor of creating such an agency over the past months.

The ecb sold bonds from scandal-hit South African retailer Steinoff at a loss last year.

However, buying bank bonds could be problematic because of the ecb’s role as bank supervisor.

(Graphic: Could ecb QE target bank bonds?

The ecb says its mandate is to control inflation and not to favor certain market sectors over others.

“The central and eastern European business model has become vulnerable to shocks to international trade and financial conditions,” Draghi told an ecb conference.

The ecb, Adobe and Yandex declined to comment.

The following are the ecb staff’s new projections for inflation and GDP growth, with March forecasts in brackets.

The ecb updates projections once a quarter.

In 2013, Weidmann testified against the ecb in a German court case over the OMT.

That brings the ecb in line with many of its major central bank peers who are already easing, or close to doing so.

The others expected the ecb to restart its quantitative easing program (QE).

“The ecb has been slightly too optimistic on growth, but even more on inflation.

An ecb spokesman declined to comment.

Italian central bank governor Ignazio Visco also blamed the euro’s surge after the ecb’s latest decision on “interactions with U.S. interest rates”.

The argument for more quantitative easing (QE) from the ecb was less clear to some policymakers, however, the sources said.

The ecb will use the “coming weeks” to study its options, he said, suggesting that action may come sooner rather than later.

ecb policymakers next meet on July 25.

“We expect the ecb to turn more dovish and push the euro lower,” said CBA FX analyst Joseph Capurso.

The ecb now sees rates steady at least through the first half of 2020, having pushed back any move several times already.

The glum German data pushed down bond yields across the euro zone and reinforced expectations for an ecb rate cut.

The ecb promised to hold rates low for an extended period and even maintained a pledge to provide more stimulus if needed.

“I’ve been a relatively big fan,” ecb ratesetter Ardo Hansson told Reuters.

The fact ecb is even contemplating resuming QE shows how much the outlook for the European economy has darkened.

The ecb meets.

“For the ecb it is important to keep its options open.”

The ecb‘s decision will cross the wires at 7:45 a.m.

She is expected to continue the dovish stance of current ecb president Draghi and introduce more monetary easing measures.

Commerzbank expects the ecb to cut rates in July, having previously anticipated a move in the fourth quarter.

The glum German data pushed down bond yields across the euro zone and reinforced expectations for an ecb rate cut.

Markets’ eyes will be firmly fixed on the ecb’s annual three-day shebang in Sintra and policy meetings in Japan and Britain.

Lifting sentiment was ecb President Mario Draghi’s comments indicating a possibility of fresh rate cuts or asset purchases.

A European Central Bank official said the ecb’s massive bond purchase program might not continue later this year.

Expectations of policy easing by the ecb and the Fed has helped the STOXX 600 recoup most of those losses from last month.

“Nothing the ecb does will be as important as what the Fed would do.

If approved, she would take over as ecb president from Mario Draghi on Oct. 31.

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

The ecb next meets for a rate review on July 25.

“As for the ecb, because of the Franco-German stalemate, it can be difficult too.

The ecb ruled out raising interest rates within the next year at the last monetary policy meeting in Vilnius, Lithuania on June 6.

I would like to point out to you that the ecb is independent,” spokeswoman Ulrike Demmer said when asked to rate Draghi’s remarks.

The ecb boss told the packed conference room that rate-setters would do their job regardless of whether governments loosened budgets.

Indeed, monthly data does not suggest changes in the ecb’s bond purchases around key political events.

The ecb declined to comment on market rumours about its recent Italian purchases.

The German Bund yield fell to -0.4%, the same level as the ecb’s deposit rate of minus 0.4%.

The last time 10-year bond yields in the euro zone’s biggest economy fell near ecb rates was during the global financial crisis.

In December 2008, the ecb depo rate was 2.75% and the 10-year Bund yield fell to 3.04%.

Germany’s Bund yield dipped briefly below the ecb’s main refinancing rate on Dec 12, 2008.

The ecb has also signalled the prospect of more stimulus.

But it later slipped after IMF Managing Director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

This could be aggravated if it comes at a time when the ecb turns more hawkish.

An ecb spokesman declined to comment.

The argument for more quantitative easing (QE) from the ecb was less clear to some policymakers, however, the sources said.

“In Europe there was some evidence of dovish ecb messages being taken off yesterday just in case the Fed was more hawkish.

“The Fed can do more than the ecb; simply because it is further away from the lower limit in interest rates.

“For the ecb, this all means: probably more easing ahead,” Sebastian Wanke of KfW Research wrote in a note.

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

Other euro zone government bond yields edged lower, having dipped to record lows on Monday on the back of dovish comments from ecb policymakers.

“We’d like to analyze (Fed chair Janet) Yellen and (ecb Gov.

In a speech at 1430 GMT, ecb President Mario Draghi is expected to maintain guidance about the possibility of more stimulus.

But Draghi has revamped the ecb’s policy framework, which would make a similar reversal now near impossible.

He added that the change of ecb chief will not herald a significant shift in policy stance.

Lagarde, the current International Monetary Fund head, is widely expected to maintain the dovish stance of current ecb President Mario Draghi.

For an interactive version of Bund yield set to fall below ecb deposit rate, click here tmsnrt.rs/2YtKj7d.

Draghi said on Tuesday the ecb will ease again if inflation fails to accelerate.

Mario Draghi’s term as ecb president expires at the end of October.

The ecb, Bank of Japan and People’s Bank of China also stand ready to turn on the stimulus taps if things turn ugly.

With Wednesday’s decision, the ecb’s rate on bank overnight deposits, which is currently its primary interest rate tool, remained at -0.40%.

Likewise a commission presidency for France would rule out French ecb candidate Francois Villeroy de Galhau.

In 2013, Weidmann testified against the ecb in a German court case over the OMT.

Eurobank said it expects to close the transaction by July, subject to approval by the ecb’s Single Supervisory Mechanism.

The ecb, she said, had put into place a “rigorous framework” for all banks it supervised.

The ecb gave no specific examples of where the new guidelines would apply among European banks.

“While there is a presumption of innocence, the very fact that an individual is being prosecuted is relevant to propriety,” the ecb said.

The ecb chief admitted that “additional stimulus will be required” if the economic outlook for the stuttering region does not improve.

That could give the ecb a reason to push ahead with fresh stimulus.

The ecb’s Governing Council is due to meet again to discuss monetary policy on July 24-25.

ecb policymakers are also open to further easing if required.

“I do not think that (an ecb cut) …would force the SNB to react and also lower its rate,” said de Montpellier.

The ecb’s Governing Council is due to meet again to discuss monetary policy on July 24-25.

Data on Thursday showed annual inflation in the euro zone’s biggest economy accelerated in June, but remained below the ecb’s target.

“The ecb and the Fed are the two most systemically important central banks in the world…

That could give the ecb a reason to push ahead with fresh stimulus.

The ecb had responded at the time with rate cuts and ramping up its massive asset purchase programme.

The ecb targets an inflation rate of just below 2%, but it has undershot this since 2013.

“The ongoing ‘miss’ of the ecb is something that has become more or less the norm,” Iannelli said.

In May 2018, German inflation had exceeded the ecb target at 2.2%.

But this year, the ecb’s forecasts prices to rise 1.3%, 1.4% next year and 1.6% in 2021.

Draghi said it was too early for the ecb to declare victory in its quest to boost euro zone inflation.

“Draghi is repeating the same message that he made at the last ecb press conference – there are no big surprises.

He’s defending the ecb’s dovish policy stance,” said Marinov.

Draghi said on Thursday the ecb would keep rates at their current record lows through the first half of 2020, longer than previously planned.

The ecb may well have to loosen monetary policy again.

German annual inflation accelerated to 1.5% in June, remaining below the ecb’s target, data on Thursday showed.

“The ecb accounts cover a meeting which differed greatly from the rhetoric that has emerged since,” analysts at Mizuho said in a note.

But sustained sub-zero rates are bad for the banks on whom the ecb relies to extend credit to households and businesses.

The broad consensus at the ecb was that this was not so far the case.

He said the ecb will consider its options “in the coming weeks.” The market has also been monitoring Fed speakers.

The ecb and the European Commission will monitor the application of these commitments in a process that is expected to last one year.

FRANKFURT (Reuters) – The following are key quotes from ecb policymakers in the weeks preceding the March 7 policy meeting.

The job at the ecb will not fall free until January, when the mandate of France’s Benoit Coeure expires.

He said the ecb will consider its options “in the coming weeks.” The market has also been monitoring Fed speakers.

“This means she will continue (current ecb President Mario) Draghi’s dovish stance,” he added.

She is one of three new ecb representatives on the Single Supervisory Board, which oversees the euro zone’s 114 largest banks.

In contrast, the ecb decided to raise interest rates — a contractionary policy — in 2011.

It added potential measures included new changes on the ecb’s guidance on rates, new asset purchases and rate cuts.

The result was a double-dip recession that quickly forced the ecb to bring rates back down.

“We expect the ecb to turn more dovish and push the euro lower,” said CBA FX analyst Joseph Capurso.

He has been barred from office in Latvia but was allowed to resume his duties at the ecb earlier this year.

A consultation by the ecb among bond issuers, investors and dealers seeking feedback on its proposal for a pan-European issuance mechanism closed on Tuesday.

The euro’s year-long rise, some analysts say, would offer ecb officials a reason not to change its course.

“Nothing the ecb does will be as important as what the Fed would do.

The ecb targets inflation at just below 2 percent.

Italian, Portuguese and Spanish bonds – seen as the biggest beneficiaries of the ecb’s largesse – saw their yields fall 4-10 basis points.

But a dramatic play from the ecb could change that.

The ecb is expected to decide on Oct. 26 whether to continue bond purchases next year.

Adding to sentiment were ecb President Mario Draghi’s comments indicating a possibility of new rate cuts or asset purchases.

“The question is who would supervise, the ecb or the national central banks,” one of the sources said.

With growth and inflation slowing, the ecb recently delayed plans to raise interest rates and even offered banks more cheap loans.

Alternatively it could force the European Commission to make a proposal without ecb input.

The ecb, the Bundesbank, the Banque de France and the Bank of Italy all declined to comment.

But Knot argued that forces weighing on inflation are increasingly outside the ecb’s control.

Commerzbank expects the ecb to cut rates in July, having previously anticipated a move in the fourth quarter.

Lagarde, the current International Monetary Fund head, is widely expected to maintain the dovish stance of current ecb President Mario Draghi.

Euro zone inflation was -0.2 percent in February, nowhere near the ecb’s close-to-2-percent target.

The ecb was unavailable to comment.

“There’s a certain tolerance from investors versus sub-Libor returns given the flow established by the ecb,” said a lead.

And as often happens, the path trodden by the Fed, ecb and Bank of Japan is being followed also by emerging markets.

Hungary meanwhile is expected to put off any rate-tightening plans in response to the ecb’s dovish pivot.

Expectations that the ecb will roll back its stimulus have been the major driving force behind the euro’s rally since last year.

The ecb did not name any bank in its annual review of the 119 lenders on its watch.

He said several ecb policymakers at a meeting on Thursday had questioned a change in U.S. policy.

The Irish finance ministry fully backed Lane’s candidacy, saying he was an “ideal” candidate for the ecb job.

The ecb boss told the packed conference room that rate-setters would do their job regardless of whether governments loosened budgets.

For central banks, especially the ecb, perhaps the most worrying bond market signal is that inflation will remain below target for years.

The ecb targets an inflation rate of just below 2%, but it has undershot this since 2013.

The ecb reaffirmed its easy policy of massive bond purchases and ultra low-rates on Thursday despite an increasingly upbeat assessment of the economy.

A spokesman for the ecb declined to comment.

Draghi shocked the markets by saying the ecb bank would ease policy again if inflation fails to accelerate.

“The five-year, five-year forward inflation rising is a sign that the ecb is regaining some credibility in achieving its goals.

The measure is tracked by the ecb and so followed closely by market watchers and economists.

A 10 bps ecb rate cut is now fully priced in by October, and another is anticipated in 2020.

Commerzbank expects the ecb to move as early as July.

(Graphic: Global rate cut bets rise – tmsnrt.rs/2Irovnl) The ecb is not the only central bank battling both low inflation and low expectations for inflation.

That contrasts with the end of 2014 and early 2016 – when the ecb last ramped up quantitative easing.

In fact, it has consistently undershot the ecb’s target since 2013.

The following are the ecb staff’s new projections for inflation and GDP growth, with September forecasts in brackets.

For 2020, the ecb provided projections for the first time.

The ecb updates projections once a quarter.

The ecb is due to decide on Oct. 26 whether to continue its bond buying in 2018.

“There was nothing in the (June ecb) press conference that suggested that they talked about curtailing QE.

Inflation forecasts were also tweaked at Philip Lane’s first policy meeting as ecb Chief Economist.

With the ecb officially targeting an inflation rate of just below 2%, it still has some way to climb, however.

To do this, words will be key, the heads of the four central banks told an ecb conference on communication.

“Forward guidance has become a full-fledged monetary policy instrument,” ecb President Mario Draghi said.

Banks such as the ecb often say the envisage doing something but reserve the right to change their mind if circumstances change.

Draghi had his own mini-tantrum in June when he hinted that the ecb’s policy could be tweaked to reflect stronger growth.

Hyun Song Shin of the Bank of International Settlements told the ecb conference such unreliability was not necessarily all bad.

The ecb‘s Mario Draghi signaled any rate rises might be delayed after saying he sees “persistent deterioration of external demand,” in the economy.

“There is probably a little more ecb dovishness to be priced in yet.”

Bank Austria and UC are supervised by the same regulator, the ecb, and we believe this will eventually result in increased capital fungibility.

The glum German data pushed down bond yields across the euro zone and reinforced expectations for an ecb rate cut.

The ecb warned that an expanding trade conflict among major economic powers could weigh on sentiment further.

“In the near term, global economic momentum is expected to moderate,” the ecb said in a bulletin.

Banks have been penalised by ultra-low interest rates and possible tightening measures by the ecb could help ease pressure off their margins.

Two of the leading contenders to head the ecb are German Jens Weidmann and French central bank governor Francois Villeroy de Galhau.

Germany’s 10-year bond yield hovered around minus 0.40% , having dropped below the ecb’s deposit rate on Thursday for the first time.

“The central and eastern European business model has become vulnerable to shocks to international trade and financial conditions,” Draghi told an ecb conference.

The ecb has rescued the weaklings with its ultra-loose monetary policy, but that offers no more than temporary respite.

The most solid part of the construction is the creation of a single supervisor, a job given to the ecb.

However, efforts by the ecb to accelerate that weight loss have encountered fierce resistance in Italy, where bad loans are especially oversized.

This isn’t the first time the ecb may have won time for painful reforms only for politicians to waste it.

Her comments are nonetheless a rare, if veiled, criticism of the ecb’s policy stance from a senior German politician.

The ecb will buy a minimum 780 billion euros of bonds.

Greek banks have relied on emergency liquidity assistance (ELA) since February 2015 after being cut off from the ecb’s funding window.

But it later slipped after IMF Managing Director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

Emergency funding is more costly than borrowing directly from the ecb.

The bank also has wholesale funding in the form of senior and covered bonds and ecb funding.

But it later slipped after IMF Managing Director Christine Lagarde, perceived as a policy dove, was nominated as the next ecb president.

Later in the day, ecb head Mario Draghi will be speaking in Frankfurt, Germany at 9:30 a.m.

I would like to point out to you that the ecb is independent,” spokeswoman Ulrike Demmer said when asked to rate Draghi’s remarks.

ecb President Mario Draghi and Fed chair Jerome Powell were careful to note this week that monetary policy remains supportive of spending and investment.

As reported by Reuters, the new loans will carry a floating rate tied to the ecb’s main refinancing operation, currently set at zero.

“Like the outstanding TLTRO program, TLTRO-III will feature built-in incentives for credit conditions to remain favorable,” the ecb said.

Thursday’s meeting is shaping up as a day of reckoning for the ecb.

Reuters reported that the ecb had rejected a request from Italy’s Monte Paschi for more time to raise cash.

Praet said this was a sign that markets understood the ecb’s conditionality since euro zone economic performance impacted the timing of the move.

But because of its capital key weightings and QE rules, the ecb is running out of bonds it can buy.

ecb President Mario Draghi is expected to maintain guidance about the possibility of more stimulus.

“Market-based inflation expectations have fallen sharply and remain far too low.” The ecb next meets on July 25, then on Sept. 12.

Greek banks have relied on emergency liquidity assistance (ELA) since February 2015 after being cut off from the ecb’s funding window.

Emergency funding is more costly than borrowing directly from the ecb.

ecb President Mario Draghi is expected to maintain guidance about the possibility of more stimulus.

The appeal, filed by staff representatives Carlos Bowles and Johannes Priesemann, also made allegations about favoritism at the ecb.

The glum German data pushed bond yields across the euro zone lower, reinforcing ecb rate-cut expectations.

An ecb spokesman would not comment further on the reasons for the annulment.

Rottier had unsuccessfully applied for the job of ecb representative in Washington.

First, we decided to keep the key ecb interest rates unchanged.

This assessment is broadly reflected in the March 2019 ecb staff macroeconomic projections for the euro area.

“2016 will be a no less challenging year for the ecb.

The ecb’s staff forecasts for inflation, released every quarter, have not been revised upward since this time last year.

A number of ecb governing council members have already hinted at a revision.

Greek banks have relied on emergency liquidity assistance (ELA) since February after being cut off from the ecb’s funding window.

Emergency funding is more costly than borrowing from the ecb.

Stocks in Europe were whipsawed by the ecb action, falling from five-month highs and closing lower as European banks tumbled more than 3 percent.

The ecb move also sent prices on U.S. Treasury bonds higher, with 10-year yields hitting their lowest in a week at 2.636 percent.

At the same time, the ecb (European Central Bank) lacks answers on what to do about the risk of a de-anchoring of inflation expectations.

The ecb wants to know how well Swedbank’s Estonian subsidiary kept itself informed about its customers, the paper said, citing the source.

The Swedish FSA and the ecb declined to comment when approached by Reuters.

Sweden is not part of the eurozone but Estonia is and that means Swedbank’s Estonian subsidiary falls under ecb supervision.

The ecb is scheduled to meet next on March 9.

First, we decided to keep the key ecb interest rates unchanged.

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

This is putting pressure on the ecb,” said Jack McIntyre, portfolio manager at Brandywine Global in Philadelphia.

Expectations of policy easing by the ecb and the Fed has helped the STOXX 600 recoup most of those losses from last month.

The changes include graduated haircuts on some asset backed securities and floating-rate assets, the ecb said.

He has been barred from office in Latvia but was allowed to resume his duties at the ecb earlier this year.

Data on Thursday showed annual inflation in the euro zone’s biggest economy accelerated in June, but remained below the ecb’s target.

“The ecb and the Fed are the two most systemically important central banks in the world…

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

Given that the ecb benefits from a slimmed-down and safer Deutsche, its charity is understandable.

Lane also disputed critics who argue that the ecb’s policy arsenal is nearly depleted.

“The effectiveness of the policy toolkit means that we can add further monetary accommodation.” The ecb next meets on July 25.

Either way, the ecb’s decision will have raised the eyebrows of Deutsche’s competitors.

He argues that other problems in those countries, like their problems with high debt, were made worse by the ecb’s tight-money policies.

Rome, Economy Minister Giovanni Tria attends presentation of a new company accredited by the ecb for the production of banknotes (0900 GMT).

One of the biggest blunders, he argues, was the ecb’s decision to raise interest rates — a contractionary policy — in 2011.

The ecb is based in Frankfurt, and has close ties to central bankers in Germany.

The danger, then, is that the ecb will be caught flat-footed once again, and Europe will go through another wrenching economic crisis.

The survey “is likely to strengthen ecb policymakers’ resolve to loosen monetary policy in the coming months,” said Jack Allen-Reynolds of consultancy Capital Economics.

Inflation in the euro zone was at 1.2% in May, far from the 2.0% ecb target.

The ecb targets inflation of close to but below 2% for the euro zone as a whole.

Likewise a commission presidency for France would rule out French ecb candidate Francois Villeroy de Galhau.

She is one of three new ecb representatives on the Single Supervisory Board, which oversees the euro zone’s 114 largest banks.

Markets’ eyes will be firmly fixed on the ecb’s annual three-day shebang in Sintra and policy meetings in Japan and Britain.

“We have our doubts that the ecb is really that close to a new round of QE,” said DZ Bank’s Lenk.

That could give the ecb a reason to push ahead with fresh stimulus.

Focus turned to the release of the ecb’s June minutes and whether it has started discussions about a return to asset purchases.

The euro shot higher after the ecb meeting, pushing down the pound in late London trading.

The pound, little changed before the ecb meeting, dropped 0.4% to 88.80 pence per euro as the single currency rallied.

The capital strengthening was one of the conditions set by the ecb to approve the deal.

“Capital and governance are now fine,” a source familiar with the ecb’s thinking said.

“The ecb has given an informal, preliminary go-ahead.” The two banks still need to present a business plan within a month.

Months of talks between the two cooperative banks had stalled due to ecb demands for a strong capital base and asset quality.

The ecb, Adobe and Yandex declined to comment.

“It adds to the notion that ecb policy easing is likely to unfold,” said Guntermann.

A pull-back in government bond yields eases pressure on the ecb to take immediate action to address bond scarcity.

Despite ecb sources later denying such stories, yields have stayed depressed, suggesting some investors still think it a possibility.

The ecb’s rate decision at 1145 GMT will be followed by bank President Mario Draghi’s news conference at 1230 GMT.

While some investors are advocating an earlier move, changes at the top of the ecb may complicate the process.

Popular and the ecb declined to comment on the meeting.

Without ecb support, the progress towards a sustained adjustment in the bank’s inflation projections will likely be slower or even stall, Praet added.

The ecb’s Governing Council will next meet on June 8 in Tallinn.

The ecb earlier said it expected the current account surplus to decline somewhat this year, partly on higher commodity – especially oil – prices.

Unlike the BOJ, the ecb must seek consensus among a group of diverse national central banks.

Inflation is now projected at 0.1 percent — far below the ecb‘s 2 percent target.

To combat this projected slowdown, the ecb announced a series of extraordinary measures to try to boost the economy.

The ecb is also increasing the amount of government bonds it’s buying.

After an initial rally, European stock markets fell when ecb President Mario Draghi signaled that he didn’t expect further rate cuts.

The ecb needs a strategy that focuses more on long-term economic growth than short-term tactics.

And falling inflation means that the ecb‘s 0 percent interest rate policy is becoming less and less effective.

On Thursday, the ecb announced a new set of measures designed to deal with this situation.

By assessing a 0.4 percent penalty for money banks deposit with the ecb, the central bank hopes to spur banks to lend money out.

The ecb is also buying a wide variety of other assets.

So what the market expects the ecb to do in the future matters as much as what the ecb does now.

This is why the ecb‘s Thursday announcement included a promise to keep interest rates low even after its asset-purchase programs expire.

When the ecb initially announced its easing, the market value of the euro fell about 1 percent.

pic.twitter.com/NlE1VzDC15 But then, during a press conference following the announcement, Draghi expressed ambivalence about whether the ecb was prepared to cut rates further.

The value of the euro soared, essentially undoing the effects of the ecb‘s original announcement.

Evidently, markets don’t believe the ecb when it says it’s committed to its 2 percent inflation target.

So people don’t take the target seriously and tend to shrug off ecb stimulus efforts like the one announced today.

If inflation again comes in at 1 percent in 2016, the ecb might shoot for 4 percent inflation in 2017.

The source added that Merkel was “very positive” on the idea of Lagarde heading the ecb.

Nevertheless, investors expressed uncertainty over the extent of the ecb’s likely new measures on Thursday.

An ecb spokesman declined to comment.

The ecb meets in Sintra and are expected to signal their readiness to act decisively, say ING analysts.

Unlike the BOJ, the ecb must seek consensus among a group of diverse national central banks.

Fortunately for the ecb and BoE, euro/sterling has risen so much in such a relatively short space of time that a pause seems likely.

A Finance Ministry spokesman declined to comment on Draghi’s comments, made in a speech at an ecb conference in Sintra.

“The European Central Bank … will assume its direct supervision as of 4 April 2019,” the ecb said.

“Rehn already has experience from the ecb after sitting at the council meetings (during the debt crisis).

And as often happens, the path trodden by the Fed, ecb and Bank of Japan is being followed also by emerging markets.

Hungary meanwhile is expected to put off any rate-tightening plans in response to the ecb’s dovish pivot.

He said the ecb was determined to act in adverse scenarios.

Germany’s Bund yield hit a fresh record low of -0.36% , less than five basis points away from the ecb’s deposit rate.

The ecb has also warned that underlying inflation remains weak, raising concerns about the sustainability of the current acceleration.

The ecb expects its 2.6 trillion-euro bond purchase scheme to end at the close of this year.

“The recent u-turn of the ecb toward more dovishness indicates that financing conditions for new domestic investments will remain favorable.

The comments also appear to reject a recent argument by Austrian central bank chief Ewald Nowotny that the ecb could speed up policy tightening.

“The recent u-turn of the ecb toward more dovishness indicates that financing conditions for new domestic investments will remain favorable.

Her comments are nonetheless a rare, if veiled, criticism of the ecb’s policy stance from a senior German politician.

BayernLB and the ecb declined to comment on the matter.

It is tracked closely by the ecb, which targets inflation at close to 2 percent.

The ecb ended its three-year-long stimulus program at the end of last year.

The ecb has discussed revisiting a program providing cheap multi-year loans to banks, according to minutes from its December meeting.

The US fund will present its proposal for the Italian lender to the ecb shortly, the newspaper said.

The euro shot higher after the ecb meeting, pushing down the pound in late London trading.

The pound, little changed before the ecb meeting, dropped 0.4% to 88.80 pence per euro as the single currency rallied.

The ecb has also signaled the prospect of more stimulus.

That’s crucial because ecb buying of corporate bonds is set to drop sharply in coming months.

This provided a boost for insurers with a Talanx July 2026 rallying 37bp following the March ecb meeting, outperforming many bank bonds.

The ecb ruled out raising interest rates within the next year at the last monetary policy meeting in Vilnius, Lithuania on June 6.

Money market investors now fully price in an ecb rate cut for December 2019.

The euro zone’s third-largest economy is seen as one of the biggest beneficiaries of ecb largesse.

“From our perspective the ecb doesn’t need to rush into action,” said Marchel Alexandrovich, European Financial Economist at Jefferies.

This meant these cash-poor banks would need to rely on the ecb’s weekly auctions, or Main Refinancing Operations, for cash once TLTRO expire.

The ecb has pledged to keep its interest rates at the current, ultra-low level through next summer.

The use of these sources has dwindled over the past few years as the ecb floaded the euro area with cash.

Other ecb officials echoed Praet’s sentiment.

That is because of the German candidate’s previous criticism of ecb bond purchases.

Any Italian-French deal over ecb seats would contrast with recently strained relations between the two countries.

Before the ecb meeting, the U.S. Federal Reserve is almost unanimously expected to raise interest rates for the second time this year on Wednesday.

The ecb, never yet led by a woman, is one of the most male-dominated major European institutions.

With a Spanish vice-president in the person of Luis de Guindos, a second Spaniard is highly unlikely to get on the ecb board.

And the ecb was so obsessed with keeping inflation low that it never provided the help Greece and Spain needed.

Instead, the ecb actually raised interest rates, a contractionary policy, in 2011.

“This has to change.” ABLV Bank was declared failed by the ecb last month after being accused by U.S. authorities of large-scale money laundering.

ecb Vice President Vitor Constancio said on Thursday that the plight of Europe’s banks may need some “small” state support .

What matters now is what the ecb does in the face of a weakening economy, global trade tensions, Brexit and Italy.

Money market pricing suggests investors expect roughly a 75 pct chance of a ecb rate hike in 2019.

In contrast, the ecb decided to raise interest rates — a contractionary policy — in 2011.

However, lending growth has resumed following the ecb‘s provision of cheap loans to banks, with incentives to lend to the real economy.

“Lagarde is likely to follow current ecb President Mario Draghi’s dovish stance,” said Norio Miyagawa, senior economist at Mizuho Securities.

The presence of the ecb as a large, price-insensitive buyer in the bond market has damped volatility amid broader macro shocks.

But it was his comments on currency that resonnated most from a news conference following the ecb’s regular policy meeting.

“We also need to adjust the ecb’s monetary policy toolkit to ensure it can fulfill its role,” Mersch told a financial industry event.

A precision landing is hardly possible.” The ecb has an inflation target of close to but below 2 percent.

The increases also reflects higher-than-expected supervision costs last year, which left the ecb’s bank supervision arm with a deficit in 2018.

There was no mention of a candidate for ecb president.

A move up would put Czech rates further above ecb levels.

The ecb had responded at the time with rate cuts and ramping up its massive asset purchase programme.

The ecb targets an inflation rate of just below 2%, but it has undershot this since 2013.

“The ongoing ‘miss’ of the ecb is something that has become more or less the norm,” Iannelli said.

In May 2018, German inflation had exceeded the ecb target at 2.2%.

But this year, the ecb’s forecasts prices to rise 1.3%, 1.4% next year and 1.6% in 2021.

That is because of the German candidate’s previous criticism of ecb bond purchases.

The ecb deposit rate is currently -0.40 percent.

Any Italian-French deal over ecb seats would contrast with recently strained relations between the two countries.

This further lowered the chances of any further ecb action in June even if quarterly staff forecasts were to be cut.

Slovenian governor Bostjan Jazbec said on Thursday the ecb may even lift its own economic projection if data remained supportive.

He is speaking at the ecb forum on banking supervision.

The ecb scheme is likely to wind down this year and rate hikes are expected in mid 2019.

With Wednesday’s decision, the ecb’s rate on bank overnight deposits, which is currently its primary interest rate tool, remained at -0.40%.

The ecb is expected to decide on Oct. 26 whether to continue bond purchases next year.

The ecb study simulates a 10 percent U.S. tariff on all imports and an equivalent retaliation from other countries.

“Estimation results suggest that the United States’ net export position would deteriorate substantially,” the ecb said in the study.

The ecb model is purely theoretical; it does not replicate actual trade conditions.

BI: The ecb recently reduced the volume of quantitative easing (QE).

The ecb should be very desperately trying to convey the impression that the taps are open.

The ecb is ready to wait until the end of July for a new rescue plan for Carige, Il Messaggero said.

That figure could rise after July, when Greece is due to repay the ecb about 2.3 billion euros worth of bonds.

Schaeuble has long been critical of the ecb’s low interest rate policy.

The ecb, Adobe and Yandex declined to comment.

“It is a far too crowded trade at this point.” (Graphic: ecb to kick off rate hikes in mid-2019?

– reut.rs/2KbVFpP) The euro fell to its lowest against the dollar since mid-January, at $1.2096, after the ecb kept monetary policy unchanged.

Earlier this month the ecb changed its forward guidance, ruling out raising interest rates in the next year.

It held near those highs in early trade after ecb rate setter Ewald Nowotny echoed those comments in a German newspaper, before heading down.

The ecb last month cut its purchases of Irish bonds short of the level its rules dictate, data showed on Tuesday.

ecb chief Draghi said on Tuesday the ecb was ready for all contingencies following the UK referendum.

ecb Vice President Vitor Constancio and Sabine Lautenschlaeger, who represents the ecb’s supervisory arm on the board, have also spoken at G30 meetings.

Their interest rate decisions are to be announced at 1145 GMT, followed by ecb President Mario Draghi’s news conference at 1230 GMT.

ecb senior supervisor Julie Dickson contributed to a G30 paper on banking conduct, albeit only as an external observer.

Bowles’s appeal marks the first time an ecb appointment at such a senior level has been challenged.

“The contested decisions violate the principles of publicity, transparency, equal access and non-discrimination,” said Bowles, who chairs the ecb’s staff committee.

Asked about Bowles’ move, an ecb spokesman said: “The ecb has not been notified of any complaint.

Traders also said the ecb would cut its deposit rate by 10 basis points to -0.4 percent.

The ecb declined to comment.

The sources added that the ecb may also decide to retain its guidance to raise asset purchases if the outlook deteriorates.

The euro rose after ecb minutes showed officials discussed taking out an “easing bias” at their June meeting.

The ecb sets monetary policy for the entire 19-member bloc.

The ecb targets inflation of close to but below 2 percent for the single-currency bloc as a whole.

This is in line with the ecb’s own expectations.

Compared with the September 2018 ecb staff macroeconomic projections, the outlook for real GDP growth has been revised slightly down in 2018 and 2019.

Further information on the technical parameters of the reinvestments will be released at 15:30 CET on the ecb’s website.

Analysts said markets remain sceptical about the ecb rates given inflation remains tepid.

Money markets have priced in an ecb rate cut of 10 basis points in September and another one in March.

The ecb’s meeting on July 25 may reinforce those expectations.

We hope ecb in a sentence examples were helpful.