Tag: ECB

European Central Bank’s Lagarde Signals June Rate Cut But Says Future Rate Path Uncertain (Macro News for March 23, 2024 – March 29, 2024)

Christine Lagarde, head of the European Central Bank (ECB), stated that ECB policymakers are considering lowering interest rates in the June 2024 meeting. Lagarde also stated that forecasting bank actions beyond that date was impossible until they received additional data on inflation and union wage negotiations.

Central Banks End Crisis-Fighting Measure as Bank Tumult Recedes (Macro News for April 22, 2023 – April 28, 2023)

The collapse of Silicon Valley Bank (SVB) in March 2023 pushed the Federal Reserve and other central banks to step in and protect the overall financial system from failure and ensure sufficient liquidity. However, on Tuesday the central banks of England, Japan, Switzerland, and the European Union announced the crisis was over and they would end daily measures designed to boost dollar flow to lenders around the world.

ECB Will Buy Bonds at a Faster Pace to Keep the Recovery on Track (Macro News for March 20, 2021 – March 26, 2021)

The European Central Bank (ECB) announced it would increase the pace of its bond buying in order to keep the region’s economy from being damaged even more by the effects of the pandemic. The bank decided to increase its bond buying program to counter rising interest rates before the region’s fragile economies felt the effect.