But economists predict rates to drop by 75 basis points by the end of Q3 2009
The European Central Bank announced today that it is extending efforts to ensure money market liquidity.The Governing Council of the ECB decided to renew the two outstanding three‑month supplementary longer-term refinancing operations (each worth €50 billion) that will mature on August 14 and September 11.“The renewal of these two supplementary three-month LTROs is aimed at […]
The European Central Bank delivered on rate hike expectations today, but economists say that it now appears to be backing off its hawkish stance a bit. Indeed, economists anticipate that most central bankers will be on hold for the balance of the year.TD Economics notes that in the press conference that followed today’s 25 basis […]
European Central Bank lending is continuing to facilitate liquidity in financial markets as intended, says Fitch Ratings in a report published today.The rating agency says that its findings run counter to some reports that European banks are increasingly using ECB lending facilities to meet core funding needs.“We believe that none of the national banking systems […]
The European Central Bank announced that it will pump yet more liquidity into the financial system.The ECB announced that its governing council decided at its meeting yesterday to conduct supplementary longer‑term refinancing operations with a maturity of six months, and further supplementary LTROs with athree month maturity. The regular monthly LTROs remain unaffected.These supplementary three-month […]
ECB maintains current rates, for now
ECB, BoE hold interest rates steady
New central payment system begins operations
Central banks seek to clarify mandates
Trichet calls all parties to keep their composure