De Guindos: ECB Needs More Time Before It Can Start Cutting Rates LeapRate

February 14, 2024 BY Simon Mugo

De Guindos: ECB Needs More Time Before It Can Start Cutting Rates

They emphasise that any potential policy relaxation remains more distant than market participants anticipate. Current market expectations have adjusted to anticipate 113 basis points in rate reductions this year, a decrease from previously anticipated 150 basis points, with the initial adjustment forecasted for either April or June. Speaking at a conference in Split, Croatia, de…

February 12, 2024 BY Simon Mugo

ECB Should Start Cutting Rates Soon, Says Italy’s Fabio Panetta

Speaking at the Assiom Forex conference in Genoa, ECB Governing Council member Fabio Panetta highlighted the need for the next monetary policy adjustment to mirror the current phase of disinflation and the diminished likelihood of a wage-price spiral, noting the increasing impact of rate hikes on economic performance. Panetta, who assumed the role of Bank…

January 26, 2024 BY Simon Mugo

ECB Policymaker Cautions Against Confiscating Russian Assets

European authorities have been mulling over the possibility of seizing frozen Russian assets, including those belonging to the central bank, to fund Ukraine's reconstruction. However, there are concerns that the negative impacts of such an action, including possible retaliation and a decrease in confidence in European assets, might outweigh the benefits. Using a currency as…

January 25, 2024 BY Elizabeth Anderson

ECB interest rate verdict causes FTSE 100 to fall

Across the channel, the CAC 40 was down 0.1%, while Frankfurt’s DAX 40 also fell 0.2%. To add to market turmoil, British sterling also fell overnight, opening at $1.2722 this morning from its $1.2744 at market close on Wednesday. The euro slipped from $1.0904 to $1.0888. Christine Lagarde, President of the ECB, hinted at rate…

December 04, 2023 BY Simon Mugo

EURUSD Falls As Euro Extends Its Rally Against the US Dollar

The EURUSD currency pair fell for the fourth consecutive session as the single currency continued to gain ground against the US dollar. The single currency struggled to hold on to its gains against the greenback as the dollar was relatively strong against most of its peers, as tracked by the US Dollar Index. The release…

May 26, 2021 BY Steffy Bogdanova

IG signs a three-year deal with England’s cricket team

Matt Macklin, IG’s UK Head, said: Watching the recent accomplishments of the England teams, we have been struck by the clarity of strategic thinking and quality of execution, and how this aligns with IG’s ethos as a business. Tony Singh, Chief Commercial Officer at ECB added: IG is an ambitious organization which shares our commitment…

July 13, 2020 BY Valentina Kirilova

Weekly data preview: BoC and ECB in view

The unusually large amount of releases affecting GBPAUD this week means that traders should prepare for the possibility of significantly higher volatility. Short-term opportunities in both directions look likely ahead of the crucial Australian job data and claimant count change on Thursday. Key data this week Bold indicates the most important releases for this symbol.…

January 17, 2020 BY Valentina Kirilova

How low can you go? Said the ECB to Eurozone inflation rate

The following market analysis was prepared for LeapRate by Ramy Abouzaid, ATFX (AE) Head of Market Research. Despite the significant spike of the inflation rate across the 19 economies of eurozone, which reached a six-month high last month – the European Central Bank is still far from reaching its range of 2% inflation rate needed to reflect…

December 26, 2019 BY Mariela Naydenova

ECB proposes "Controllable Anonymity" crypto payment system

The European Central Bank has proposed a new model to deal with cryptocurrencies, especially the AML risks associated with them. The ECB also clarified that it it not looking to creating its own coin. The new proposed payment system is called EUROchain and is a simplified CBDC payment type of service. Under this new model, all…

European Commission adopts new rules to increase transparency in securities financing markets

November 07, 2019 BY Mariela Naydenova

The EU considers launching its own crypto - a rival to Facebook's Libra?

The story of Facebook's Libra and Mark Zuckerberg's "relationship" with the US Congress has reached new levels. The much awaited cryptocurrency called Libra might not be launched after all in 2019, as Facebook cannot get the approval of regulatory bodies yet. The European Union also expressed great concerns over the launch of such a global…

Tag: ECB