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Meeting of 8-9 September 2021
Ms Schnabel reviewed the financial market developments since the Governing Council’s previous monetary policy meeting on 21-22 July 2021. The pronounced decline in ten-year US Treasury yields and euro area GDP-weighted sovereign yields observed just before the previous Governing Council meeting had proven persistent despite the ongoing recovery from the pandemic crisis. More recently, yields had been trending somewhat higher but, overall, they had not risen back to the levels seen during the last recovery in 2017-18, or even to the levels seen earlier in 2021. Very low interest rates also continued to prevail ... (full story)
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ECB ACCOUNTS: A ACCOMMODATIVE MONETARY POLICY APPROACH WAS STILL REQUIRED.
— Breaking Market News (@financialjuice) October 7, 2021
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ECB ACCOUNTS: IN TERMS OF THE INFLATION PROGNOSIS, A NOTABLE IMPROVEMENT THROUGHOUT THE COURSE OF THE YEAR WAS NOTED.
— Breaking Market News (@financialjuice) October 7, 2021
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ECB ACCOUNTS: IT WAS PROPOSED THAT MORE INFORMATION ON THE REASONING BEHIND THE APP, THE PEPP, AND ASSOCIATED POLICY DECISIONS SHOULD BE INCLUDED IN PUBLIC COMMUNICATIONS.
— Breaking Market News (@financialjuice) October 7, 2021
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ECB ACCOUNTS: IT WAS UNDERLINED THAT THE PEPP WAS DEVELOPED AS AN EMERGENCY PROGRAM WITH A CLEAR GOAL OF MITIGATING THE EFFECTS OF THE PANDEMIC.
— Breaking Market News (@financialjuice) October 7, 2021