The “other” central bank: Will the ECB restart quantitative easing on Thursday?
Will the European Central Bank revive its program of bond-buying when it meets on Thursday? The bank only ended this program of quantitative easing in December. The markets are currently pricing in a new program of 40 billion euros a month in bond purchases--plus a...European Central Bank decides to keep its (very limited) powder dry
No cut in interest rates. No expansion or extension of asset purchases. No nothing from the governors of the European Central Bank at today’s meeting
Yesterday the European Central Bank’s moves disappointed the markets; today they’re leading a market rally
Yesterday, financial markets fell as traders and investors decided that the policy changes–another 10 basis point cut to deposit rates and an increase of 10 billion euros a month in asset purchases–weren’t enough, especially in the face of lower forecasts for inflation and economic growth from the central bank. Today, financial markets seem to have decided that they’re reason to rally.
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