Tag Archives: ECB

Five Themes of the Week

The disappointing employment report in the U.S. came at the end of an eventful week in the global economy. Central bankers met and took action in Europe, but held their ground in Japan. Political risks heightened in the United Kingdom, while they appeared to abate in Ukraine

Five Themes of the Week

Central banks took the center stage, with policy setting meetings taking place at the European Central Bank (ECB), the Bank of England (BoE) and the Bank of Japan (BoJ). In each case, policy makers stayed the course, despite the mounting pressure to act: In the case of the BoE, toward a tightening of monetary conditions

ECB Decision: The Choice of the Glutton, with Nothing Left on the Table

Standing before a smorgasbord of policy options, the president of the European Central Bank (ECB), Mario Draghi, made the choice of the glutton; he chose them all: lower interest rates, expansion of the balance sheet, short-term financing to banks and forward guidance. Short of purchasing sovereign bonds and throwing in the kitchen sink, practically every [...]