The European Central Bank’s (ECB) latest monetary policy decision still does not give a clear indication of what will happen to its bond-purchase programme from October 2018 onwards. The ECB stands by its resolution to continue making monthly bond purchases to the sum of 30 billion euros as part of the programme until at least September 2018, “or longer if necessary”. Once again, the decision made...
The European Central Bank (ECB) has increasingly been purchasing bonds from countries with high levels of public debt. This is confirmed by a comparison between the purchases made in 2015, the first year the Public Sector Purchasing Programme (PSPP) was introduced, and the purchases in 2017. This comparison was conducted as part of a recent analysis by the Centre for European Economic Research...
As anticipated, the European Central Bank (ECB) has decided not to make any changes to its policy of zero and negative interest rates . As decided back in October 2017, the ECB will also continue with its bond-buying programme into the new year, halving its purchase volume to 30 billion euros a month. By contrast, the US Federal Reserve announced yesterday that it would be raising interest...
Stable Business Environment at Year-EndPositive Financing Situation and Improved Prospects for 2018Robust Financing Environment for the Logistics, Residential and Office SectorsVirtually Unchanged Refinancing MarketsSpecial Question: Change in the ECB’s Bond Purchase Programme and Interest Rate Expectations for 2018/2019Effects of the Modification of the Bond Purchase Program of the ECB
ECB Bond Purchase Programme Biased Towards Southern European CountriesCatalonia Crisis Casts Shadow over Potential European Fiscal UnionWhy Are So Few International Emissions Trading Markets Currently in Existence?M&A Report: German M&A Index Suggests Reversal in Trend Regarding Number of TransactionsPrices in the German Interurban Bus Sector Increase Following Wave of TakeoversMergers and...
As expected, the European Central Bank (ECB) has announced its decision to continue its asset purchase programme beyond the end of the year. Until December of this year the ECB will purchase bonds totalling 60 billion euros each month, dropping down to 30 billion euros a month from January 2018 until at least September 2018. Professor Friedrich Heinemann, head of the Research Department “Corporate...
Southern European countries profit in a disproportionate way from the bond-buying programme of the European Central Bank (ECB), with the largest bias towards Spain and Italy. Within the framework of the Public Sector Purchase Programme (PSPP), national central banks and the ECB have purchased Spanish and Italian government bonds whose volume exceeds Spain’s and Italy’s share in gross domestic...
As expected, the European Central Bank (ECB) announced today that, once again, it would not be adjusting its base rates, nor would it be making any changes to its outlook on interest rate policy. The outlook on the bond purchase programme remains equally unchanged from July’s communiqué, as the ECB confirmed the programme’s continuation. Professor Friedrich Heinemann, head of the Research...
As expected, the European Central Bank (ECB) today announced that it would not be adjusting its base rates, nor would it be making any changes to its outlook on interest rate policy. This means that banks and savers will have to live with the ECB’s negative deposit rate of minus 0.4 per cent for quite a while longer. The ECB also could not bring itself to give any indication that it would soon end...
As expected, the European Central Bank (ECB) has announced to make no changes to its key interest rates and bond-buying programme. In its latest decision, the ECB has, however, taken into account the persistently high growth rates in the eurozone as well as the increased inflation rate. ECB President Mario Draghi expects the economic growth prospects in the eurozone to improve even further. Dr....